A screen shows the logo design and trading info for GameStop on the flooring of the New York Stock Exchange (NYSE) March 29, 2022.
Brendan McDermid|Reuters
Last year’s GameStop meme stock phenomenon is making its method to the cinema, as “Saturday Night Live” alum Pete Davidson, “There Will Be Blood” star Paul Dano, “Pineapple Express” star Seth Rogen and Marvel Cinematic Universe routine Sebastian Stan are set to star in “Dumb Money.”
A group of Reddit- based retail financiers on the Wall Street Bets page increased shares of GameStop in 2021 in an effort to hammer short-selling hedge funds.
The taking place meme-stock-mania led to sharp swings in the business’s share rate, stressing Wall Street and just recently affecting other merchants like Bed Bath & &Beyond Activist financier and meme stock king Ryan Cohen is chairman of GameStop and had actually purchased more than 10% of Bed Bath’s stock prior to squandering of the distressed home-good merchant.
“Dumb Money” is based upon Ben Mezrich’s nonfiction book “The Antisocial Network,” which was released in September2021 Previous Mezrich works consist of “The Accidental Billionaires,” which was adjusted into the Oscar- winning Facebook film “The Social Network,” and the MIT blackjack scandal book “Bringing Down the House,” which was adjusted into the Kevin Spacey film “21.”
A rights sale for “Dumb Money” is set to start this month at this year’s Toronto Film Festival, according to Variety.
“Dumb Money” will be directed by Craig Gillespie, who formerly teamed up with Stan on his 2017 movie “I, Tonya” and the Hulu series “Pam & Tommy.” Like “Dumb Money,” both of those tasks concentrated on real-life occasions including disgraced figure skating Olympian Tonya Harding, starlet and design Pamela Anderson and Motley Crue drummer Tommy Lee.
Filming on “Dumb Money” is set to start this month.
