I should have expected it — after all, the world has been crazy enough these last few years — but it’s still surreal to see major studio releases about events that happened not only within my lifetime, but during a time when I was actively paying attention to the news. The pandemic has ensured that this has increased over the last few years, but no new release feels more familiar than Dumb Money.
Dumb Money tells the story of a group of amateur investors who were able to put a short squeeze — look it up — on two hedge funds that bet on video game retail company GameStop to fail. The effort was led by YouTuber and financial analyst Keith Gill (played in the film by Paul Dano), a financial broker from Massachusetts who led a ragtag campaign to invest in GameStop to ensure the hedge funds would not succeed in profiting from the company’s demise. The movement led to an SEC investigation and a Congressional hearing, all of which is depicted in the film.
