Sonys GameStop Short Squeeze Film Dumb Money Sets October 20 2023 Release
Meet the Real People Behind GameStop's Reddit Rally
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The Reddit day-trader driven short squeeze of video game retailer GameStop shares back in 2021 is the subject of a new film from Sony Pictures. Dumb Money, which is set to be released on October 20, 2023, will tell the story of the real people behind the rally.
The film is based on the book of the same name by Ben Mezrich, which chronicles the events of January 2021, when a group of Redditors banded together to drive up the price of GameStop shares. The short squeeze caused major losses for hedge funds that had bet against the company, and it became a symbol of the power of retail investors.
Dumb Money is directed by Craig Gillespie and stars Sebastian Stan, Paul Dano, and Seth Rogen. The film is expected to be a major awards contender, and it is sure to be of interest to anyone who is interested in the stock market or the role of social media in finance.
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