I haven’t had this much fun with economics and Wall Street misbehavior since The Big Short, which this film resembles on several levels: mostly because both fact-based sagas concern Wall Street corporate heads with more money than humanity, who don’t give a damn how their actions affect “reg’lar folks” like me and thee.
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| When Keith (Paul Dano) worries that his precarious investment choices might obliterate their hard-earned savings, his wife Caroline (Shailene Woodley) — trusting him implicitly — insists that he should go for it. |
More crucially, this is a David vs. Goliath story where the little guys actually come out on top. To a degree. (Some of them.)
The villains here are the hedge-fund bastards notorious for swooping in to buy an ailing company — or franchise — for the express purpose of gutting its remaining assets and then departing, leaving bankruptcy and thousands of lost jobs and pensions. They’re also infamous for “shorting” a company’s stock: a skeevy purchasing maneuver that bets said company will do worse in the future than it’s doing currently.
(I can think of no better reason to revive public stockades.)
Gillespie’s film is adapted from Ben Mezrich’s best-selling The Antisocial Network, his thoroughly researched account of the now-infamous GameStop stock debacle. The sharp, sassy script is by Lauren Schuker Blum and Rebecca Angelo, both former financial reporters for the Wall Street Journal.
(Mezrich has a flair for this sort of ripped-from-financial-headlines material; his previous books include Bringing Down the House: The Inside Story of Six MIT Students Who Took Vegas for Millions, which hit movie screens as 2008’s 21; and The Accidental Billionaires: The Founding of Facebook, A Tale of Sex, Money, Genius and Betrayal, which became 2010’s The Social Network. His next book, due in November, is Breaking Twitter: Elon Musk and the Most Controversial Corporate Takeover in History. Can’t wait.)
The GameStop chronicle — yes, the mall-based retail stores that sold new and used computer games and equipment — represented one of life’s occasionally wild perfect storms. It likely never would have happened without the convergence of Covid lockdowns, savvy social media users, and a still-festering, street-level desire to somehow get back at those responsible for the 2008 financial meltdown.
The unlikely underdog is geeky, mild-mannered Keith Gill — marvelously played, with aw-shucks sincerity, by Paul Dano — an amateur stock analyst and dedicated social media user introduced here in January 2021, as he posts details of his investment activities from the basement of his home in Brockton, Mass. The basement may be a humble setting, but his multiple cameras, computers and screens produce impressively professional visuals.
Keith’s YouTube and Twitter handle: Roaring Kitty. (His Reddit username, DFV, is abbreviated from a nom-de-Internetthat cannot be printed in a family-friendly blog.)
