GameStop in Documentaries: Eat the Rich, Gaming Wall Street, Amateurs vs Wall Street, Rise of the Players
Trader's Film Library #53 · GameStop and retail investors. The same story told four ways. The most knowledge: Gaming Wall Street.
Original title: Eat the Rich: The GameStop Saga · Gaming Wall Street · GameStop: The Wall Street Hijack · Gamestop: Rise of the Players · Type: documentaries and a film · Created by: various · Usefulness for traders: ★★★☆☆
What it's about
Four productions about the same 2021 story. “Eat the Rich: The GameStop Saga” (Netflix, 2022, 3 episodes) tells it with humour, from the participants' perspective. “Gaming Wall Street” (HBO, 2022, 2 episodes, narrated by Kieran Culkin) goes deeper into market structure and Robinhood's trading restrictions. “Amateurs vs. Wall Street” (2021) and the independent film “Rise of the Players” (2022) are earlier, lesser-known takes on the events.
What it has to do with markets
“Gaming Wall Street” gives you the most knowledge: trade settlement, the role of market makers and the reasons the broker restricted trading. It's a good lesson that the market has infrastructure which, at extreme moments, decides what you can do.
Lessons for traders
- in extreme conditions a broker can restrict trading: that's infrastructure risk
- social media accelerates herding (#32)
- profits from euphoria are visible, the late arrivals' losses aren't (survivorship bias, Atlas of biases #56)
What to watch out for
Some of the productions push a clear “Main Street vs Wall Street” thesis. The truth was more complicated.
Discussion
The discussion takes place in Hetman Capital Club (in Polish). Join the discussion in the Club →
Navigation
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The description outlines the plot without revealing the ending where possible (true stories have a known outcome). Educational content, not investment advice.