The 2021 GameStop Quick Squeeze is the topic of an upcoming Hollywood film. “Dumb Cash,” starring Seth Rogen, Nick Offerman, and Pete Davidson, is ready to be launched by Sony Footage on October 20, 2023.
GameStop’s frenzied deal was hailed as an underdog’s story for small buyers who felt helpless and fantasized about sticking to Wall Avenue. The movie’s logline suggests adopting this attitude. – referred to as memestock.
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Rogen performs hedge fund supervisor Gabe Plotkin. His Melvin Capital misplaced billions on his flawed bets on GameStop, however by Reddit’s on-line boards, personal buyers conspired to purchase up as a lot excellent inventory as they might. That despatched his share value up 2,000%, hitting onerous for hedge fund managers who had wager on shares persevering with to fall amid the COVID-19 pandemic.
Offerman is the founding father of Citadel Securities, accused of investing $2 billion in Melvin Capital and directing Robinhood’s e-brokerage agency to cease buying and selling on GameStop and different Meme shares platforms. Starring as a sure Ken Griffin.
Each Rogen and Offerman, who beforehand teamed up in 2014’s 22 Bounce Avenue and the 2022 unique Hulu collection Pam & Tommy, will face Kind right here. Judging by his persona on and off display, Rogen appears extra like a GameStop patron than an investor, whereas Griffin is a very button-pressing, less-eccentric character, and extra of Offerman’s distinctive talent set. I can not seem to get any profit from it.
One actor who positively hasn’t expanded his vary is Pete Davidson, who performs a pot-smoking retail dealer who earnings from brief squeezes.・Be Blood”) can even seem. Gill, recognized in web circles as her Roaring Kitty, used Reddit to draw a big pool of buyers to artificially inflate GameStop’s inventory value. Sebastian Stan performs Robinhood co-founder Vlad Tenev.
“Dumb Cash” is predicated on Ben Mezrich’s 2021 e book “The Delinquent Community”. Mezrich additionally wrote “The Unintended Billionaire”, primarily based on “The Social Community” by screenwriter Aaron Sorkin.
The identical theme was mirrored within the 2022 Netflix documentary Eat the Wealthy: The GameStop Saga.
