Dumb Money is a Hollywood comedy-drama film that premiered on 22 September 2023. The biographical film’s director is Craig Gillespie and it’s script is written by Lauren Schuker Blum and Rebecca Angelo. The film’s development started in February 2021 and was later released by Sony Pictures.
After getting released, the film instantly got a lot of attention from the audience. The fans anticipated that this film could be a challenge against the action series Expend4bles and the horror movie It Lives Inside. Moreover, this film is based on a true story and will be available to stream on Netflix once it is concluded by the film’s theatrical window and PVOD. To know more about the newly released film, keep on reading the article.
Is there a trailer for Dumb Money?
Yes, Sony Pictures released an official red band trailer for Dumb Money on June 22, 2023. You can check out the trailer down below.
Is the film based on true events?
Yes, the film is based on true events which as the Reddit GameStop incident that took place in 2021. According to the movie’s official description, it is based on the true account of a YouTuber who became wealthy by destabilizing Wall Street. He made the biggest company in the world out of a small video game retailer named GameStop.
What is the Reddit Gamestop Incident of 2021 all about?
The Reddit Gamestop incident includes a Stock market crisis that revolved around the Gamesatop retailer. It all started when a collection of small-scale investors who are primarily based on the Reddit community r/WallStreetBets. They realized that hedge funds had shortened GameStop’s stock, by betting on the stock’s price falls. However, on the other hand, retail investors started buying shares in big quantities using the trading app Robinhood, which in turn raised GameStop’s stock price to great heights.
This led to to big losses from some hedge funds and financial institutions that were involved in the bet including the Melvin Captial. This phenomenon was marked by Online protesters, internet memes, and David vs. Goliath stories. It spread debates about how the market gets manipulated, the importance of Social media in Financial markets, and the need for regulatory reforms. Eventually trading platforms restricted trading of Gamestock and other volatile stocks which further fueled the controversy. The event of GameStop 2021 is accounted as a highly debated event in the world of financing and investing.
Why is the Dumb Money rated R?
Dumb Money film consists of a lot of offensive language, mild sexual scenes, and drug abuse like cocaine and weed. There are also some scenes that include two naked men running on a track, smoking marijuana, and inhaling cocaine, using the f-word and offensive language. No wonder this film has been rated R. Moreover, there are also scenes where the word ‘Gay’ is used in a critical manner.
Even in the early scenes, child exploitation is also viewed. A student of the University of Texas was dared to put her hands down the pants of another fellow student. Later on, the student is further exploited by a man who says that he will pay her if she takes a bubble bath in front of the camera. People in the film are also seen in an anxious state wondering if they should hold on to their stock or sell it as they were losing money. Some of them are also seen throwing feces on a man as he enters a building.