Paul Danohas come into quite a bit ofDumb Money.
The award-winning actor leads a star-studded cast in the upcoming dramedy, which an official release describes as “the ultimate David vs. Goliath tale” based on the 2021GameStop stock short squeeze.
The film,whose trailer was releasedThursday, will center on the battle between hedge funds and the amateur Reddit traders who caused GameStop stock to skyrocket to more than 1700% through investing apps like Robinhood.
“When his social posts start blowing up, so does his life and the lives of everyone following him. As a stock tip becomes a movement, everyone gets rich — until the billionaires fight back, and both sides find their worlds turned upside down.”
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Paul Dano inDumb Money(2023).Claire Folger
Claire Folger
“Eleven f—ing million dollars?!” Keith’s brother Kevin (Pete Davidson) tells him over the phone at one point, encouraging him to buy a Ferrari.
The film also starsAmerica Ferrera,Sebastian Stan,Anthony Ramosand more.
Pete Davidson and Paul Dano inDumb Money(2023).Claire Folger
In January 2021, Redditors encouraged each other to buy stock in the beloved video game store, which drove up the price of the company’s stocks. Hedge-fund companies were betting the stock would go down, but then regular investors' interest in the stocks caused prices to surge, meaning hedge funds lost billions of dollars.
Similar situations happened with individual traders buying stocks in other struggling companies such asAMC movie theaters, Blackberry and Build-A-Bear Workshop.
Dumb Moneyis in theaters Sept. 22.
source: people.com
