What happens when a group of small-time investors take on a privileged clique of Wall Street billionaires? Absolute chaos. The new movie Dumb Money, which hits theaters on Sept. 15, is a fictionalized take on the infamous GameStop saga, when the beleaguered video game chain became a meme stock thanks to a Reddit user known as RoaringKitty (played by Paul Dano).
‘Dumb Money’ is a fictionalized take on the GameStop saga
In early 2021, RoaringKitty – real name, Keith Gill – and his online compatriots banded together to execute a short squeeze of GameStop stock. The move sent share prices skyrocketing and ended up costing the hedge fund owners who’d bet on GameStop’s failure a ton of money. It also made the little guys rich (at least on paper).
The wild trading was possible in part due to Robinhood, a retail investing platform that many investors were using to buy and sell stock.
‘Dumb Money’ is a fictionalized take on the GameStop saga
In early 2021, RoaringKitty – real name, Keith Gill – and his online compatriots banded together to execute a short squeeze of GameStop stock. The move sent share prices skyrocketing and ended up costing the hedge fund owners who’d bet on GameStop’s failure a ton of money. It also made the little guys rich (at least on paper).
The wild trading was possible in part due to Robinhood, a retail investing platform that many investors were using to buy and sell stock.
- 9/16/2023
- by Megan Elliott
- Showbiz Cheat Sheet
[Editor’s note: In solidarity with the WGA strike, Rebecca Angelo and Lauren Schuker Blum are only participating in interviews arranged through personal connections like this one.]
You could say that Craig Gillespie got in on the ground floor. Sort of. During the early days of the Covid lockdown — i.e., the early days of what would become the GameStop stock phenomenon that his new feature “Dumb Money” chronicles — one of the filmmaker’s sons returned home to live with Gillespie and his wife.
“He started dabbling in the stock exchange. He was looking for opportunities everywhere,” Gillespie said in a recent interview with IndieWire. “He found WallStreetBets and started following, and he was on there for months prior to the GameStop thing. He was in it, as it was happening in real-time. He’d be around the house, like, ‘Hey, Elon Musk just tweeted GameStonk, people are freaking out. Mark Cuban just commented on it.’ So you started...
You could say that Craig Gillespie got in on the ground floor. Sort of. During the early days of the Covid lockdown — i.e., the early days of what would become the GameStop stock phenomenon that his new feature “Dumb Money” chronicles — one of the filmmaker’s sons returned home to live with Gillespie and his wife.
“He started dabbling in the stock exchange. He was looking for opportunities everywhere,” Gillespie said in a recent interview with IndieWire. “He found WallStreetBets and started following, and he was on there for months prior to the GameStop thing. He was in it, as it was happening in real-time. He’d be around the house, like, ‘Hey, Elon Musk just tweeted GameStonk, people are freaking out. Mark Cuban just commented on it.’ So you started...
- 9/14/2023
- by Kate Erbland
- Indiewire
A lot of the young men who became stock traders in the 1980s saw themselves as rebels: the new swingers of greed. Of course, they weren’t really rebels. But it felt good to them to think of themselves that way. Keith Gill (Paul Dano), the central figure in Craig Gillespie’s smart, light-fingered, brashly entertaining finance-world docudrama “Dumb Money,” is an amateur stock trader who also sees himself as a rebel. Keith, unlike the Wall Street players, actually is trying to fight the system. But he may be nearly as caught up in illusions as they are.
The Wall Street badasses of the ’80s wanted to be cool. Keith, by contrast, is a long-haired Middle American nerd who lives in Brockton, Ma, with his wife (Shailene Woodley) and infant daughter and works for the Massachusetts Mutual Life Insurance Company. In his spare time, he posts freewheeling video rambles on wallstreetbets,...
The Wall Street badasses of the ’80s wanted to be cool. Keith, by contrast, is a long-haired Middle American nerd who lives in Brockton, Ma, with his wife (Shailene Woodley) and infant daughter and works for the Massachusetts Mutual Life Insurance Company. In his spare time, he posts freewheeling video rambles on wallstreetbets,...
- 9/9/2023
- by Owen Gleiberman
- Variety Film + TV
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