I've never dabbled in stock trading, but after watching Craig Gillespie's "Dumb Money," based on a remarkable true story, I regret sitting out of the 2021 GameStop frenzy. During that pivotal moment, a pack of average Joe's flipped the script on Wall Street, turning GameStop, a declining company, into a cultural phenomenon.
During the COVID-19 pandemic, Keith Gill, known as "Roaring Kitty" on the WallStreetBets subreddit, invested his life savings in GameStop stock. As his posts gained traction, what began as a simple stock tip evolved into a David vs. Goliath movement, enriching millions until the billionaires fought back.
This tale of disruption in the financial world, sparked by a band of Redditors, highlights the influence of social media when a group of people are united for the same cause. Craig Gillespie captures the highs and lows of trading during that period. Especially when Robinhood (a trading app) suddenly restricted its users from buying GameStop stock. Gillespie sheds light on a world grappling with isolation, economic disparities, and rising social movements.