There are actually not less than 5 Hollywood productions based mostly on the GameStop/inventory market chaos.
Hollywood continues to flock to the GameStop/Reddit inventory value drama. The corporate that made the Hillary Clinton documentary for Hulu, Propagate, has introduced it is going to produce a documentary in regards to the drama alongside The Wall Avenue Journal.
The documentary is known as This Is Not Monetary Recommendation and it will likely be directed by Hannah Olson (HBO’s Child God). According to Deadline, this documentary will look into the “inventory market chaos” that kicked off with GameStop and its quick squeeze triggered by day-traders on Reddit.
“It’s going to look at the origins and internal workings of the digital and social funding communities that turned new buyers into millionaires and drove a billion-dollar hedge fund and monetary providers firm to hunt capital,” Deadline reported.
“Key figures” concerned within the drama are stated to be concerned, although none had been named outright. One of many largest Reddit buyers, DFV, lately lost millions of dollars–on paper, at least–due to the cratering of GameStop’s inventory value after the increase.
GameStop’s share value has fallen again right down to Earth previously week, buying and selling at round $60 per share on Monday, however that is nonetheless an enormous improve from the place GameStop was buying and selling a 12 months in the past when it was about $5 per share.
This Is Not Monetary Recommendation is already in manufacturing; cameras began rolling final week, in accordance with Deadline.
That is not less than the fifth film or TV present based mostly on the GameStop saga that has been introduced previously couple weeks. Console Wars director Jonah Tulsi additionally lately announced a movie, following on from the beforehand introduced HBO, MGM, and Netflix projects.