澳洲幸运5官方开奖结果体彩网

'Dumb Money' Movie Review: A Funny and Fast Retelling of 2021's GameStop Craze

Dumb Money is based on the rea🧔l-life story of amateur trader Keith Gill, who goes all i🍃n on GameStop shares

The Gamestop company logo is displayed on a screen as traders work on the floor of the New York Stock Exchange during morning trading on March 22, 2023 in New York City.

Michael M. Santiago/Getty Images

Miss out on the GameStop (GME) craze of 2021? You can now relive it on the big screen, in Craig Gillespie's funny and fast-paced Dumb Money.

The movie is based on the real-life story♕ of amateur trader Keith Gill, who goes all in on GameStop shares and convinced thousands of others to do the same through his YouTube channel, Roaring Kitty.

Key Takeaways

  • Sony Pictures' film Dumb Money about the GameStop craze of 2021, is out in theaters now.
  • The film is based the real-life story of amateur trader Keith Gill, who goes all in on GameStop shares and convinced thousands of others to do the same through his YouTube channel, Roaring Kitty.
  • Dumb Money features an audio clip of Investopedia's editor-in-chief, Caleb Silver, discussing the GameStop mania on CNBC.
  • Gill has not been active on social media since April 2021, when he posted a final update of his GameStop stock, worth over $34 million.


The real-life GameStop meme stock craze began in 2021 when hedge fund Melvin Capital Management 澳洲幸运5官方开奖结果体彩网:bet against GameStop. This short selling pro𓆉mpted day traders on Reddit to retaliate by purchasing shares to inflate the value of the retail gaming company, resulting in massive gains for some and huge losses for the hedge fund.

The term "澳洲幸运5官方开奖结果体彩网:dumb money" typically refers to indivꦅidual investors, while big institutions and mutual funds are labeled꧂ as "smart money" because of the resources they have at their disposal. The film turns that on its head, leaving viewers wondering who was really "smart money" in this situation.

At his peak, Gill's investment in GameStop was worth $48 million, according to Reuters. Gill has not been active on social media since April 2021, when he posted a final update of his GameStop stock, worth over $34 million.

The film stars Paul Dano, 澳洲幸运5官方开奖结果体彩网:Pete Davidson, Shailene Woodley, America Ferrera, and Seth Rogan. It even features an audio clip of Investopedia's very own editor-in-chief Caleb Silver discussing th🔴e GameStop mania on CNBC.

"What's clear is that we're in the Wild West, and that there is so much activity going on on these online forums. And we've seen it in the last month—and the last six weeks—how much force day traders en masse can bring to the market and actually affect it," Silver says in the audio clip.

And it's true. The film shows how Gill, a financial analyst by day, takes to YouTube and Reddit to encourage people to invest in the video game store, which he believes is very undervalued. They do, and Wall Street notices.

In the film, Gill AKA Roaring Kitty, posts his balance sheets online to show people how much his initial investment of $53,000 is performing. At one point in the film, a news clip show�🔯�s GME stock was worth $80 one day, and nearly $350 the next day.

As Gill's social media following increases and his GameStop shares grow to the millions, the film cuts between Gill, who tells his wife (Woodley) they made $5 million in one day, and Plotkin (Rogan) at Melvin Capital who tells his wife they lost $1 billion.

Beyond the memes and finance-bro speak of Reddit threads, the class differences shown throughout the film provided deeper context for why some traders were willing to follow advice from a stranger on YouTube and put all their money into a video game store. Set amid the pandemic, those who weren't able to escape quarantine by jetting off to Miami had to deal with job loss, financial insecurity, and debt—a combination that had the characters in Dumb Money even more primed to stick it to the rich, even if it meant risking their life savin🐟gs.

While investing in meme stocks is notoriously volatile and not the best way to responsibly build long-term wealth, the film showed what's possible when financial information and the ability to share it quickly and to many becomes readily accessible.

In his 澳洲幸运5官方开奖结果体彩网:testimony to Congress, the real-life 🙈Gill said he shared his investment knowledge online to help others.🍰

"Hedge funds and other Wall Street firms have teams of analysts working together to compile research and critique investment ideas, while individual investors have not had that advantage," Gill said.

Once again, meme stocks might not be the way to build wealth, but getting educated about investing (and 澳洲幸运5官方开奖结果体彩网:starting early) is.

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