HBO is developing a new film based on the GameStop Reddit controversy that took over the headlines last week.
The network announced their plans via Variety, with executive producers Andrew Ross Sorkin of TBTF Productions, Len Amato of Crash&Salvage, and Jason Blum of Blumhouse Television.
HBO’s movie will focus on “how a populist uprising of social media day traders beat Wall Street at their own game, turning the stock market upside down and shaking the financial world to its core.”
If you didn’t see what was happening, over the past six months, GameStop’s stock has risen 8,000 percent. The “stock has become the central game piece in a financial power struggle between a major hedge fund, Melvin Capital, and a group of amateur stock traders” on Reddit.
Wall Street titans were betting that the stock would fail and a group of people on Reddit came together to make sure that did not happen. Social media star David Dobrik was one of those investors.
This isn’t the first project planned based on the GameStop story. Noah Centineo is set to star in a Netflix series based on it.
Just last year, GameStop was in the news, but for a much different reason.
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