GameStop, Reddit, day traders and hedge funds have been in the news nonstop lately. The drama between young, scrappy novice traders versus evil-establishment hedge funds caught the nation’s attention. It became the latter part of the pandemic’s Tiger King craze.
Don’t pretend. C’mon, I know y’all watched it! So did I. It was America’s guilty pleasure during the early days of the Covid-19 outbreak. Many of us naively thought that this would all be over within a few weeks or months. Locked indoors, it would be fun to watch a Netflix series with colorful, weird and eccentric characters. It made us laugh and forget about things for a while. The show was fun and frivolous—until the surprise ending when we realized that quirky Joe Exotic was a total psychopath.
Hollywood is now making the beginning-of-the-end of the pandemic movie to bookend Tiger King. It’s all about the wacky shenanigans of the r/wallstreetbets Reddit traders and hedge fund bros. Netflix has a project in the works. Metro-Goldwyn-Mayer purchased the book proposal, The Antisocial Network, from author Ben Mezrich, who is known for covering zeitgeist moments in business, such as the rise of Facebook and Bitcoin and the players behind the scenes. The movie will be about “a ragtag group of amateur investors, gamers and internet trolls who brought Wall Street to its knees,” according to Deadline.
Don’t worry; we’re told that no traders or hedge fund honchos will be harmed or locked in cages during the filming. The only ones who will be injured are the gullible investors who got caught up in the excitement, bought the pumped-up stocks at a huge premium, only to watch their holdings plummet in value. I’m neither gonna confirm nor deny that I may have been caught up in the hype.
Since this saga isn’t over, there may be a surprise character that will appear—like Senator Elizabeth Warren. If you aren’t aware, Warren is an ardent anti-Wall Streeter and is vocal in her criticism of how the players manipulate and rig the stock market.
The film can play out like one of those cheesy ‘80s movies, where Warren is the angry school principal chastising all the day traders and hedge fund guys (yeah, they’re mostly all dudes) to get their sh*t together or else they’re all going to detention, Breakfast-Club style.