Dumb Money
Summary
The David vs. Goliath tale boast inDumb Moneyfollows the true story of Keith Gill but leave out some big contextual details . Dumb Moneystars Paul Dano as the Massachusetts native Gill , intimately roll in the hay by his on-line persona as Roaring Kitty or DeepF – kingValue , who spearheaded an unprecedented short squeeze of GameStop stock through an army of online retail investors through a popular radical on Reddit . Dumb Moneyfeatures a maven - studded cast including Seth Rogen , Nick Offerman , Shailene Woodley , America Ferrera , Anthony Ramos , Sebastian Stan , Dane DeHaan , and Pete Davidson , and is currently stream on Netflix .
The events ofDumb Moneytook place at the end of the chaotic year that was 2020 while unemployment soar to nearly 15 % in the United States . The moving picture also trickles into the early months of 2021 when r / WallStreetBets see a surge in the on-line activity of jillion of hoi polloi who want to bandwagon on GameStop ’s manifest rocket " to the moonshine " , which effectively create a medium delirium and eventual government activity intervention . Dumb Moneyadds a great mint of personal availableness to the ab initio confusing content by displaying some of the realities of the man behind the computer screenwho ultimately started a U.S. investing gyration from his basement in Massachusetts .
Exclusive : Screen Rant presents a Dumb Money magazine featuring director Craig Gillespie talking balancing the GameStop movie ’s ensemble stamp .
8Dumb Money Only Briefly Mentions Investor Ryan Cohen
Cohen held a 12.9% stake in GameStop before becoming CEO
One major histrion who was at the midpoint of the GameStop short liquidity crisis was current CEO Ryan Cohen , who had rise to prominence after establish the popular pet supplies due east - commerce line Chewy . Cohen was at one point the large case-by-case investor of GameStop who contain a 10 % stakes in September 2020 which was bring up to 12.9 % in December of that year . Cohen was briefly remark in the film but was not portray by an actor despite being one of the major forms of reassurance and inspiration to retail investors . Cohen might not have been explored deeply inDumb Moneyat the risk of slip some of Gill ’s thunder as the movement ’s champion .
7Keith Gill Wasn’t Actually In Danger Of Going To Prison
Dumb Money falsely suggests Gill could’ve done time for securities fraud
Dumb Moneycertainly raise the stakes for Gill in person by the end of the movie , heavy implying that he could be facing a lengthy jail sentence after testifying in front of Congress . In world , it was incredibly unlikely that Gill would have been hold back and imprisoned on bursting charge of securities fraudsimply because of the alleged " conflict of interest " that be because he worked at Massachusetts - base insurance company Mass Mutual . As portrayed in the picture show , Gill had zero insider cognition of the short squeeze and go far at his thesis using in public released document , institutionalize zero crimes whatsoever .
6Dumb Money Changes Several Characters From The Book
Jenny, Riri, & Harmony’s characters were all altered for the film
Dumb Money alters several of the real - life fibre that are chronicled in Ben Mezrich ’s book " The Antisocial web . " America Ferrera ’s quality Jenny is base on an actual person who is a nurse but notably has a different personality than Ferrera ’s picture , peculiarly in her political sustenance of Donald Trump which is n’t bring up at all in the film . Further , the characters ofRiri and Harmony are collectively representative of a Duke University male person pupil who invested in GameStop stock based on a $ 6000 loan from his dad , which is very different from the patent " two stony-broke girls " characters inDumb Money .
Dumb Money feature a great cast of well - have it away Hollywood stars play characters based on substantial - life masses involved in GameStop ’s gillyflower true tale .
5Gabe Plotkin Received Death Threats In Real Life
Dumb Money doesn’t go too deep in the dark true story elements
Seth Rogen portrayed Melvin Capital Founder and Chief Investment Officer Gabe Plotkin inDumb Moneybut did not dive into the multiple death threats and form of harassment made against Plotkin in veridical lifetime . While the overall tone ofDumb Moneydoesn’t needfully call for the dark elements of on-line destruction threats , it ’s a pretty large part of the level that is leave outthat would have tapped more into the despairing financial nature of some of the GMW investors , some of whom were pour in their entire life savings into the massive forgetful squeeze effort .
4Michael Burry Purchased A Large Stake In GameStop
Burry predicted & profited from the 2008 mortgage crisis
Many outside perspective from big - name investors and chairperson of their respective companionship were included in Dumb Money but not as many as there were in real life . Actual audio and video footage of multimillionaires and billionaires Elon Musk and Dave Prtnoy were included in the film , but other frame such as Mark Cuban , Kevin O’Leary , and Michael Burry were not depicted inDumb Money . Burry would certainly have been a desirable inclusion view his role in predicting the 2008 mortgage crisis that became the movieThe Big Short . Burry purchase a 3.3 % stake in GameStop back in 2019 which increase to a 5.3 % interest in April 2020 .
Telling a dramatized version of the Gamestop poor squeeze play during COVID-19 , Dumb Money has positive critic review article and a high Rotten Tomatoes score .
3Wall Street Bets Users Were Focused On More Stocks Than GME
Other so-called meme stocks also gained momentum through Reddit
While GameStop was the clear cash moo-cow that many of the Reddit substance abuser and Wall Street Bets member were most concerned in , several other livestock also generated impulse for scant squeezes of their own . This fact is n’t really expanded on in the movie since some of the details regarding the GameStop short liquidity crisis might have been complex enough already . Some of these other so - call meme stocks include AMC , the democratic national movie house chain that financially suffered due to the lockdown due to the pandemic , as well as the retail entrepot Bed Bath & Beyond .
2NBA Legend Michael Jordan Lost A Fortune Shorting GameStop
Jordan reportedly lost roughly $500 million in GameStop shares
In the backwash of the events depicted inDumb Money , Melvin Capital was force to declare bankruptcy and officially close its door in 2022 . NBA legend Michael Jordan was one of the most illustrious people impacted by the GameStop light squeeze and reportedly lose or so half a billion one dollar bill during the entire ordeal . Jordan ’s net worth as of 2024 is a report $ 3 billion , but his business partnership with Plotkin terminate up cost him a massive fortune of his own . Plotkin is the co - chairman of the NBA team the Charlotte Hornets , of which is Jordan is a nonage possessor .
1Many Retail Investors Actually Lost Money Investing In GME
The GameStop short squeeze was mostly successful for early investors
While the principal characters inDumb Moneyare seen as having a big payday in their individual ways , many retail investors , especially those who get in belated into the game , really were not nearly as successful as Gill was and stop up losing money . Dumb Moneyis certainly a success news report of the underdogs defeating the apparently unvanquishable giants of Wall Street , but in reality , there were just as many masses who walk by from the GameStop short squeeze who lost their investments and could even have accumulated debt , much unlike Gill who sell and became a millionaire .
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Cast
Dumb Money , released in 2023 , dramatizes the honest tarradiddle of Keith Gill , a vlogger who endow in GameStop stock and shares his journeying online . As his posts go viral , a social media - driven financial movement emerges , challenging billionaires and disrupting the life of individual investor and Wall Street titans alike .
Shailene Woodley and Paul Dano in Dumb Money
Shailene Woodley and Paul Dano in Dumb Money
