Dumb Money is an upcoming American biographical comedy-drama film directed by Craig Gillespie and written by Lauren Schuker Blum and Rebecca Angelo. The story is based on Ben Mezrich’s 2021 book The Antisocial Network and chronicles GameStop’s long squeeze in January 2021. Among the cast of the film are Paul Dano, Pete Davidson, Vincent D’Onofrio, America Ferrera, Nick Offerman, Anthony Ramos, Sebastian Stan, Shailene Woodley, and Seth Rogen.
Dumb Money Movie Story
Based on the true story of a group of rag-tag investors from the Reddit page called r/WallStreetBets, who banded together to put the squeeze on at least two hedge funds that had bet that GameStop shares would fall.
Short selling is where investors borrow a company or product’s shares and then sell them straight away with the goal of buying them back later at a lower price. They then return their borrowed shares and skim a profit off of the difference in price which has occurred as a result of the process.
This can be risky, as share prices can rise or fall considerably due to any number of circumstances, which could then leave investors cornered when stock prices suddenly rise.
Meanwhile, in a stock-obsessed subreddit named r/WallStreetBets, a group of amateur stock market enthusiasts believed that GameStop’s stock was being undervalued and spotted an opportunity to initiate a short squeeze that would drive up their price and force sellers to yield their shares at big financial losses.
Due to this short selling, GameStop’s stock price rose by 1500% in the course of just two weeks, thanks to many Reddit ‘investors’ who were primarily teenagers. This was exasperated further when Elon Musk tweeted about the developing situation, raising the store’s stock price even higher.
Movie Cast
- Paul Dano as Keith Gill
- Pete Davidson as Kevin Gill, Keith’s brother
- Vincent D’Onofrio as Steve Cohen
- America Ferrera as Jennifer Campbell, a viewer of Keith’s YouTube channel
- Nick Offerman as Kenneth C. Griffin
- Anthony Ramos as Marcus, a GameStop store clerk
- Sebastian Stan as Vlad Tenev
- Shailene Woodley as Caroline Gill, Keith’s wife
- Seth Rogen as Gabe Plotkin
- Dane DeHaan as Marcus’s boss
- Myha’la Herrold as Riri, an investor with Marcus
- Rushi Kota as Baiju Bhatt
- Talia Ryder as Harmony, an investor with Marcus
Casting
In September 2022, Paul Dano, Seth Rogen, Sebastian Stan and Pete Davidson were set to star; Rogen and Stan previously collaborated with Gillespie on the miniseries Pam & Tommy (2022), with Stan also having starred in Gillespie’s film I, Tonya (2017). The following month, Shailene Woodley, Anthony Ramos, Vincent D’Onofrio, Dane DeHaan, Myha’la Herrold, America Ferrera, Rushi Kota, Nick Offerman, and Talia Ryder joined the cast.
Filming
The ‘Dumb Money’ movie was filmed in various picturesque locations in New Jersey from October to November 2022. They captured scenes in Morris, Essex, and Hudson counties, with some memorable moments unfolding at Saint Elizabeth University.
Release Date
Dumb Money is scheduled to premiere at the 2023 Toronto International Film Festival on September 8, 2023. It is set to be released theatrically in the United States by Sony Pictures Releasing under the Columbia Pictures and Stage 6 Films labels, while Sony, Black Bear International and other indie distributors will be releasing the film internationally. The film was initially set to be distributed by Metro-Goldwyn Mayer. A release date of October 20, 2023, was initially announced, before being moved up to September 22, 2023.
Dumb Money Movie Trailer
Where to Watch Movie Online?
Dumb Money will be available to watch via streaming on Netflix.
The reason that the film will stream on Netflix is that Sony signed a deal with Netflix in 2021 to stream their theatrical films, which will be released between 2022 and 2026.
