Gamestop brought more than power to the players when it caused a financial catastrophe on Wall Street in 2021. At the time, Gamestop shares soared to unfathomable heights, making millionaires out of Redditors and costing hedge funds millions as traders scrambled to contain the situation. The impossible event taught Wall Street a valuable lesson about what happens when traders go against their masters, and now Sony is making a Gamestop movie to preserve the story.
According to Deadline, Vincent D’Onofrio (Hawkeye, Full Metal Jacket, The Cell), Anthony Ramos (In the Heights, Hamilton), and Dane DeHaan (Chronicle, A Cure for Wellness) will join Paul Dano, Seth Rogen, Sebastian Stan, and Pete Davidson in the dramedy presentation. The concept is based on Ben Mezrich’s book The Antisocial Network, with a script by Rebecca Angelo and Lauren Schuker Blum.
Presented as a David-vs.-Goliath story, Dumb Money investigates how a group of private investors and internet trolls on a subreddit called WallStreetBets hoodwinked one of the most formidable hedge funds on Wall Street. The carefully orchestrated attack on the market sent shockwaves through the lifeless souls of money-lenders sewing chaos in an infrastructure that’s worked for generations. As a result of the debacle, a handful of first-time traders got stupidly rich, while influential players in the market had their coffers emptied in a matter of moments.
Ryder Picture Company’s Aaron Ryder, Black Bear’s Teddy Schwarzman, and Craig Gillespie produce, with Michael Heimler, John Friedberg, Andrew Swett, Angelo, Schuker Blum, Mezrich, Johnny Holland, Tyler, Cameron Winklevoss, and Kevin Ulrich executive producing. Principal photography is happening now, with a star-studded list of actors attached. Dumb Money highlights the insanity brought on by the Gamestop debacle, exposing flaws in a system that’s worked for generations. While some people got rich off the event, others saw their fortunes gouged by an organization of troll-like traders.