Buy Low, Sell High
It was just yesterday that we reported MGM Studios had acquired the movie rights to an as-yet-unwritten book concerning the strange case of GameStop, WallStreetBets, and the U.S. financial market. Well, I hope you’re up for a double – or even triple – bill, as Netflix is apparently also getting to work on its own small screen adaptation of the phenomenon.
Again reported by Deadline, the movie-streaming service and production company is already outlining a currently untitled retelling of the past fortnight’s events, which has seen Redditors skyrocket ailing GameStop stock, much to the chagrin of short-selling hedge fund managers. The Netflix production will reportedly be written by Mark Boal (The Hurt Locker, Zero Dark Thirty), and will star Noah Centineo (The Diary, Black Adam) in an unspecified role. Producer roles fall to Makeready’s Brad Weston and Definition’s Nick Styne.
While Netflix is yet to officially announce the film or its direction, it is believed that the production will focus on the changing world market in the advent of social media, and how the proliferation of sites such as Reddit and Twitter have allowed for the challenging of long-held norms and status quos within society – fueling movements, activism, and involvement within circles that were previously gated-off to the public at large.
This isn’t the first time a complex and strange incident has been the subject of multiple movie productions. Back in 2019, Netflix’s Fyre Fraud was released alongside Chris Smith’s Hulu documentary Fyre, both of which took an in-depth look at the planning and execution of the 2017 Fyre Festival, an “elite” live music event that was ultimately a disaster on almost every conceivable level.