Eat the Rich The GameStop Saga is a documentary series released by Netflix on September 28. It is a Story Syndicate production in association with The Wall Street Journal Studios. Executive produced by Emmy and Oscar-winning filmmakers Dan Cogan and Liz Garbus, as well as Jon Bardin, Julie Gaither and Jack Youngelson. The series is directed by Theo Love.
There are 3 episodes in total with a running time of around 30-42 minutes. This comedy documentary series follows a group of millennial misfits who band together online to rescue their beloved GameStop from the clutches of Wall Street bigwigs, in a viral David vs. Goliath story for the 21st century.
Netflix’s description of the series reads as follows:
A community of amateur traders come up with a daring get-rich-quick scheme and wreak havoc on the stock market. But can they beat Wall Street at its own game?
-Eat the Rich The GameStop Saga Review Contains No Spoilers-
The series captures the mad dash of a group of misfits who band together online to save GameStop, a business they loved as kids. Merging on Reddit, TikTok and Discord, they capitalized on a new era of investing with their thumbs up to thwart Wall Street’s cynical scheme to burn down the company.
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By sending stocks “to the moon,” these millennials felt they could stick it to the man, once and for all. But can “the little guy” or an average retail trader ever really win against Wall Street? As the resulting market frenzy pitted legions of amateur traders against hedge fund bigwigs, it became a viral David versus Goliath story for the ages.
With exclusive access to key members of Reddit’s “wallstreetbets” community who fueled the short-lived movement, alongside everyday folks who hitched their wagons to the GameStop train and financial luminaries. The documentary offers insight into the unlikely cast of characters that caused the latest seismic shift in how money behaves around the world.
In 2020, a few brave upstarts on Reddit spot a get-rich-quick opportunity and stick to Wall Street, and if anyone asks how then the answer is to invest in a declining retail chain. It’s like gold waiting to be mined in a broken video game store. The pandemic has been a strange time when extra free time has drawn everyone’s attention to all sorts of things.
From making Dalgona coffee to completing different challenges, some were trying to use up all that time, while others were dealing with the aftermath of layoffs and the burden of keeping themselves financially afloat. That’s when the focus shifted to stocks and crypto, with all the finance gurus and influencers lecturing and promoting various trading platforms.
And the main culprit or villain of the story, depending on how much your stock is worth, comes down to those influencers who believed in GameStop and their recurring interest and posts, urged others to join hands. What happened with their actions is something we have seen on the internet, time and time again. Either it’s making an underrated artist go viral or it’s promoting a local business to prosperity.
Summary: Eat the Rich The GameStop Saga
The investigative documentary series attempts to easily summarize all the events that happened, why they happened, and who initiated them in a chronological fashion. Even if you are unfamiliar with stock market finance jargon, the creators have presented them in a simple explanation that familiarizes you with its universe.
But the documentary never gets boring because you’re introduced to all these different characters who were having the greatest moment of their lives, at that moment. Some even created an entire song, which the creators were kind enough to turn into a music video with a certain budget. The GameStop saga was a once-in-a-lifetime event but won’t be the only one in times to come.
We really live in the age of the Internet and we are only catching up with the influence of this tool. It’s only a matter of time before we see another saga like this, where casually bored internet users will simply decide something might be interesting enough for them and simply take it to the moon.
Eat the Rich The GameStop Saga is currently streaming on Netflix.
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