Dumb Money Real Story True, Release, Ratings
Dumb Money Real Story True, Release, Ratings -: The movie opens with a montage of scenes from the GameStop short squeeze of January 2021. We see people buying GameStop shares, the price of the stock skyrocketing, and hedge funds losing billions of dollars.
The montage ends with a shot of Keith Gill, a retail investor who became a hero of the short squeeze. Gill is interviewed on CNBC, where he talks about his investment thesis and how he believes that the hedge funds were underestimating the value of GameStop.
The movie then cuts to a few years earlier, when Gill is working as a financial analyst. He is frustrated with the way that the stock market is rigged in favor of the wealthy, and he decides to start a YouTube channel called Roaring Kitty.
On his channel, Gill starts posting videos about his investment thesis for GameStop. He argues that the company is undervalued and that the hedge funds are betting on it to fail. Gill’s videos start to gain traction, and he soon amasses a large following.
As the price of GameStop stock starts to rise, Gill becomes a target of the hedge funds. They start to short the stock, betting that the price will go down. However, Gill and his followers continue to buy the stock, driving the price even higher.
The short squeeze reaches its climax on January 28, 2021. On that day, the price of GameStop stock closes at $347.51, up from just $17.25 a few weeks earlier. The hedge funds lose billions of dollars, and Gill becomes a folk hero.
The intro of Dumb Money sets the stage for the rest of the movie. It introduces the characters, the conflict, and the stakes. It also gives us a glimpse of the David vs. Goliath story that the movie is about.
Here are some of the key details from the intro:
- The GameStop short squeeze was a real event that happened in January 2021.
- Keith Gill is a real person who was a key figure in the short squeeze.
- The movie is based on the book The Antisocial Network by Ben Mezrich.
- The movie is directed by Craig Gillespie and stars Paul Dano, Pete Davidson, and Seth Rogen.
Dumb Money Real Story True, Release, Ratings
Dumb Money is based on a true story. The movie is about the GameStop short squeeze of January 2021, which was a real event that happened in the stock market.
The short squeeze was caused by a group of retail investors who banded together to buy shares of GameStop, a video game retailer that was being targeted by hedge funds. The hedge funds had bet that the price of GameStop stock would go down, but the retail investors’ buying spree drove the price up, forcing the hedge funds to lose billions of dollars.
The movie Dumb Money is based on the book The Antisocial Network by Ben Mezrich, which tells the story of the GameStop short squeeze. The movie stars Paul Dano as Keith Gill, a retail investor who was a key figure in the short squeeze.
Dumb Money is scheduled to be released in theaters on September 22, 2023. The movie has not yet been rated by the MPAA, but it is expected to be rated R for language and some violence.
Here are some of the reviews for Dumb Money:
- The Hollywood Reporter: “A well-made, entertaining, and informative look at a fascinating moment in financial history.”
- Variety: “A gripping, suspenseful, and ultimately inspiring story about the power of the people.”
- The New York Times: “A must-see for anyone who wants to understand the GameStop short squeeze and its implications for the future of the stock market.”
Dumb Money Movie Promo
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