Why GameStop and Reddit Inspired the Next Great Wall Street Movie
The Big Short. Margin Call. Wolf of Wall Street. Boiler Room. Wall Street 1 & 2. Other People's Money. Inside Job. We all love movies about greed and corruption run amok in the stock market, and when the next one gets greenlighted, it'll probably be about what happened this week involving GameStop (GME). They could call it "The Short Squeeze" or "Get Short Cover," and it will have plenty of "despondent day-trader facepalming" images. Basically, a group of everymen average Joes beat the elite 1%ers at their own game on this business day(s). The hedge funds and the ultra rich who have enough capital to partake in those types of arrangements took a beat down. The working and middle class people, with a Reddit account and a penchant for posting on the site's WallStBets forum got the W...