Back in January 2021 GameStop Stock Soars Reddit trolls went to war with old-school investors after betting on the company’s failure. Reddit and others called their bluff, but well, it’s now documentary film stuff. Speaking of which, Netflix just released a new trailer for an upcoming documentary about a tale of wild “gamestonks,” making some of his Redditors of trolls involved in all of this very crazy. Very angry, they threaten to cancel the streaming subscription.
To (briefly) explain what happened in January 2021, let’s rewind quickly.
Earlier this year, GameStop’s stock was trading at less than $20 a share, and the brick-and-mortar retail chain it belongs to was desperate for Plan B. We were effectively betting that the company was overvalued and would implode soon, but something strange happened. The stock has more than tripled his Over $73 on Jan 22, 2021.
why? Many retail investors on Reddit and TikTok believed GameStop was worth more than the shorts claimed and began buying its shares.This had the effect of driving up prices for institutional investors betting on that failure, who suddenly had to cover the price difference or bear the costs. because it became Stock trading apps like Robinhood blocked users The whole thing went from buying more GameStop assets to a terrible mess. Hell map of modern capitalism.
It’s definitely an exciting and wild story full of twists and turns. It could make a good documentary! So that’s exactly what Netflix is doing (and HBO Max did 6 months ago…) and now we have This upcoming trailer Eat the Rich: Gamestop Saga.
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Boy, I really, really hate Stock Brothers and Redditors.
over on r/super stonk— The main GameStop Stock Theory creation subreddit (yes, it’s real) —you can find many, very much agreeWhen Popular Posts It declares the documents to be a “bad portrayal” of private investors and pleads that many will hear of canceling their Netflix accounts in retaliation.
The Stonk brothers are upset about the document for several different reasons, but the two big issues that continue to emerge are the apparent lack of input from investors in r/SuperStonk and r/WallStreetBets. and for the last line of the trailer, Journalist Taylor LorenzThe trailer ends with her appearing to make fun of the Redditors who set out to battle the GameStop shortseller. Her that line of hers seems to have really pissed off a certain group of Reddit investors.
“I’m ready to cancel Netflix anyway… yolo lady told me why. Slater Netflix,” said one r/SuperStonk user. “Cancel Netflix and use that money to buy GME [stock]?” answered another. Of course, very few people have shared images or other evidence proving that they canceled their subscription or had a subscription in the first place. He expressed disbelief at the idea of people canceling subscriptions over unreleased documentaries.
Still, you can find plenty of angry replies to the Netflix trailer on Twitter. People claim it’s a hit job meant to make retail investors look terrible. Even Taylor Lorenz has come out and made it clear that she is adamantly opposed to Wall Street’s broken and unfair economic system, calling it “downright unhealthy’ But that doesn’t matter to angry investors. One sip of the unreleased movie trailer and you’ll know it’s a hit.
