The Wall Street Bets GameStop Saga is Being Turned Into a Movie

The fiscal and gaming worlds have clashed over the past 2 weeks due to upheaval on Wall Street. A grouping on Reddit bet against massive hedge funds and won, driving the prices of GameStop's stocks sky high and making boilerplate Joes millionaires overnight. Now, the story of how a agglomeration of Redditors shook up Wall Street with depression-cost GameStop stocks is beingness turned into a movie courtesy of MGM and Ben Mezrich.

While Mezrich may not sound familiar, his proper noun is a staple in Hollywood. The author, a New York Times best-seller, wroteThe Accidental Billionaires: The Founding Of Facebook, a Tale Of Sex activity, Money, Genius and Betrayal, which would later on exist adapted intoThe Social Network. Mezrich's next book,The Hating Network, centers around the recent Wall Street-GameStop saga. This book is already on the manner to the big screens besides, with its proposal being caused by MGM co-ordinate to an sectional study from Deadline.

It's not articulate whereThe Antisocial Networkstarts and ends though. The struggle between Wall Street Bets, the board on Reddit where this all started, and Wall Street is far from over. GameStop's stocks are still sitting at over $300 at the time of writing, with multiple other stocks beingness targeted by the Reddit board. Stock prices for AMC, the massive American cinema chain, have likewise been driven up.

However it goes, a major part of this story volition be the trading app RobinHood. The app lets whatsoever user buy or sell stocks, regardless of their financial know-how. It's where a majority of Wall Street Bets members collection upwardly the prices of GameStop stocks. In response, RobinHood ceased trading some stocks for a period of time, including both GameStop and AMC.

Information technology doesn't seem like this story volition be ending whatever time shortly, so it's impossible to say how far Mezrich'south story will become. It'south not clear whenThe Antisocial Network will striking bookstore shelves. Likewise, any picture adjusted fromThe Hating Networkwill likely come out far in the future.

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