The new movie “Dumb Money,” released on Sept. 29, is a hilarious look into the true story of the 2021 stock market and how one person made over thirty million dollars. Dumb Money focuses on the story of Keith Gill, a financial analyst who learned about stocks and put all his life savings into the stock “GME,” or GameStop. He is very involved in watching stock market trends and has live streams showing his balance sheets and what he does. His social media begins to skyrocket, and people follow him by buying GME. Over the course of a month, the stock reaches an all-time high and then the creator of the stock marketing app closes sales. This causes a lawsuit and drastically reduces the price. Currently, you can buy a share of GME for $16.31.
Even though the movie was based off a true story, instead of just focusing on Gill and the creators of the stock market app, Robinhood, they added in other people to show how this stock affected their net worth. I really enjoyed how they started this movie because it is showing a wealthy man with a net worth of $3.5 million and then shows a nurse, college student, mall worker in GameStop and then Gill. I liked this because it gave multiple perspectives. The story really focuses on how those people benefit from the stock and how the billionaires and millionaires are affected. The co-owners of Robinhood, Vlad Tenev and Baiju Bhatt, are portrayed as stuck up or even evil, while Gill is shown as a new father who is struggling with bills and supporting his brother’s income. The movie really focuses on how you can go from struggling to succeeding. At the end of the movie, they begin to show clips from the actual lawsuit and articles. I liked how the movie blended these in because it showed how realistic the movie was to the actual event. I enjoyed how they could make a true story about stocks as entertaining as it was.
I highly recommend going to see “Dumb Money,” It is an accurate and amusing view of a very famous moment in history. It is a hilarious movie focusing on how humans react when someone has gained a high level of recognition overnight. You might also learn a thing or two about stocks while you watch.
