The Big Picture
- Dumb Money is a movie based on the true story of the GameStop short squeeze, led by Keith Gill, aka Roaring Kitty, an ordinary investor with a YouTube channel and a presence on Reddit's r/WallStreetBets.
- The film explores the concept of short selling, where investors bet against a company's success. In the case of GameStop, a community of retail investors bought up its stock, causing a short squeeze and costing institutional investors significant losses.
- Dumb Money also delves into the idea of institutional power and the role of platforms like Robinhood. The film suggests that Robinhood, a fee-free trading app, betrayed its users by restricting their ability to buy GameStop stock, potentially under pressure from hedge funds.