Eat the Rich The GameStop Saga It is a documentary series that was released by Netflix on September 28. It is produced by Story Syndicate in association with The Wall Street Journal Studios. Executive produced by Emmy and Academy Award-winning filmmakers Dan Coogan and Liz Garbus, along with John Bardeen, Julie Gether and Jack Younglson. The series is directed by Theo Love.
There are 3 episodes in total with a running time of about 30-42 minutes. This hilarious documentary series follows a group of millennial misfits who band together online to rescue the beloved GameStop from the clutches of Wall Street VIPs, in the 21st century David vs. Goliath story.
Netflix’s description of the series reads:
A community of amateur traders come up with a daring plan to get rich quick and wreak havoc in the stock market. But can they beat Wall Street at its own game?
– Eat the Rich – GameStop Saga review contains no spoilers-
The series depicts the wild journey of a group of misfits who band together online to save GameStop, the company they loved when they were kids. By merging into Reddit, TikTok, and Discord, they have tapped into a new era of investment with their thumbs to thwart Wall Street’s cynical stunt to burn down the company.
By sending posts “to the moon,” these millennials felt they could hold on to the guy, once and for all. But can the “little guy” or the average retail trader really beat Wall Street? As the resulting market frenzy pitted legions of amateur traders against the big-name hedge fund figures, the story of David vs. Goliath has gone through the ages.
With exclusive access to key members of the Reddit “Wallstreetbets” community who fueled the short-burning movement, along with regulars who strapped their wagon to the GameStop train and stars of the financial world alike. The documentary offers a look at the cast of unexpected characters who have brought about the latest seismic shift in how the world’s money is spent.
In 2020, a few brave Reddit startups spotted a get-rich-quick opportunity and stuck it out on Wall Street, and if anyone asked what the answer would be by investing in the declining retail chain. It’s as if gold is waiting to be mined in a broken video game store. The pandemic was a strange time as the extra free time drew everyone’s attention to all kinds of things.
From making Dalgona coffee to taking on various challenges, some were trying to take advantage of all this time, while others were facing the consequences of layoffs and the burden of maintaining themselves financially. This is when the attention turned to stocks and cryptocurrencies, where all the financial experts and influencers give lessons and promote different trading platforms.
And the main leader or villain in the story, depending on the value of your inventory, is up to those influencers who believed in GameStop, their interests, their frequent posts, and urged others to join hands. What happened to their stock is something we’ve seen online over and over again. Either he’s making an artist that has been underestimated or he’s promoting a local business to thrive.
Summary: Eat the rich epic GameStop
The investigative documentary series attempts to easily summarize all the events that happened, why they happened and who started them in chronological order. Even if you are not familiar with stock market terminology, the creators have provided them in a simple explanation that introduces you to their world.
But the documentary never gets boring because you get to know all these different characters who were living the greatest moment of their lives, at that point. Some even created an entire song, and the creators were kind enough to turn it into a music video on a budget. GameStop Saga was a unique event but it won’t be the only event in the times to come.
We really live in the age of the internet and while we are just catching up on how powerful this tool is. It’s only a matter of time before we see another story like this where bored people on the internet will decide that something might be fun enough for them and take it to the moon.
Eat the Rich The GameStop Saga Currently streaming on Netflix.