GME - Movie Dumb Money Unpacked: The Untold Reality of the GameStop Meme Stock Frenzy | Benzinga
The latest film, "Dumb Money,” recounting the infamous January 2021 GameStop Corp (NYSE: GME) stock frenzy and the consequential downfall of Melvin Capital, has been greeted with enthusiasm and is seen as a classic underdog tale. However, a deeper examination reveals a contrasting narrative.
The film romanticizes a horde of retail investors gleefully watching Melvin Capital’s Gabe Plotkin lose, but overlooks the likely financial loss endured by those who jumped on the GameStop bandwagon during its peak.
While the crowd of retail investors was seen as the victor against Wall Street, ...