Netflix has released the trailer for “GameStop Against Wall Street”, a documentary series on the financial maneuver that rocked Wall Street.
The case occurred in early 2021, when a group of Wall Street shareholders tried to cash in on the possible bankruptcy of the GameStop company and invested a large sum by “betting against” the company. If the bet paid off – and all evidence pointed to that result – they would be well rewarded.
However, GameStop, which is a game retailer, had a fan base. And these fans began to manipulate the market, systematically buying the company’s stock and skyrocketing its market value – in about three weeks, the shares appreciated by more than 700%. With the rise in shares, investors who bet on the company’s decline have lost their luck.
The miniseries will tell how it happened, how a group of nerds broke the millionaires and carried out a popular revolution on Wall Street, examining the power of digital communities and the “gamification” of the stock market.
The feat was so impressive that it will even become a Hollywood film, starring Sebastian Stan (“The Hawk and the Universal Soldier”), Seth Rogen (“The Unlikely Couple”), Paul Dano (“Batman”) and Pete Davidson ( “The Art of Growing Up”) in the role of the original nerds – titled “Dumb Money”, begins shooting in October.
Directed by Ray Buffer (“Rats & Bullies”), the series will debut on September 28.
+The best content in your email for free. Choose your favorite Earth Newsletter. Click here!
Source: Terra
Emily Jhon is a product and service reviewer at Gossipify, known for her honest evaluations and thorough analysis. With a background in marketing and consumer research, she offers valuable insights to readers. She has been writing for Gossipify for several years and has a degree in Marketing and Consumer Research from the University of Oxford.
