I saw Dumb Money. There was good and bad in it.
Posted by
Mop🧹 (aka rburriel)
Feb 29 '24, 15:23
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FWIW, GameStop is not a good stock. It doesn't have good fundamentals. Buying stock based on childhood nostalgia is no way to invest and the investment banks are right to short it.
The character Marcos exemplifies everything wrong with the company, as does his "by-the-book" manager. Neither are likeable, and are pretty much just riding out their jobs until the company shuts down.
That being said, if the goal - and, indeed, that was the goal - was to stick it to the investment banks in a world where the rich get richer and the poor get poorer, then sure, why not?
Would it have made more sense to go after the vulture capitalists who will buy a profitable company and then gut it before discarding the carcass? Would it have made more sense to rally around a truly viable stock? Probably. It's what makes the whole "stonks" craze all the stupider. A good company could have been saved.
Regardless, the movie isn't so much a movie as much as a series of vignettes. There's some time jumping back and forth that makes it difficult to follow. There's a lot of musical montages used to portray the viral sensation (it's effective, but jarring). But ultimately many of the characters are unlikeable, even the "heroes". And in the end, the bad guys still win.
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