Eat the Rich: The GameStop Saga
Eat the Rich: The GameStop Saga (2022)

‘Eat the Rich: The GameStop Saga’ – Netflix Documentary Series – What Really Happened?

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Review

Total Rating
7/10
Overall
7.0/10

Eat the Rich: The GameStop Saga is a three part documentary series directed by Theo Love. It is in its first season, and we suspect there will be a second.

Buy, sell, short, trade, save a ‘failing’ company under attack by the sharks at Wall Street, the biggest casino – the Reddit folk came to the rescue.

About the Series

Think back about a couple of years or so. Remember one of the headlines about how Wall Street got played? The GameStop phenomenon, when individual traders, the “lay” people, set out to save a video game store chain, motivated by a combination of nostalgia and spite, from being shorted to death by the sharks in Wall Street.

eat the rich gamestop
Eat the Rich: The GameStop Saga (2022)

This series covers what led up to the reaction of the internet-connected masses to the hedge funds’ cut-throat, relentless dealings.

It explains how hedge funds work, what short-selling is, and all their maneuvers that they so skillfully, and for so long, camouflaged in fancy terminology. And presents some of the small time traders that took part in driving Wall Street crazy for a couple of days. Of course, Elon is mentioned. GameStop stocks skyrocketed, then the buy option for this stock vanished – they could not be bought, only sold…. and obviously the value of this stock plummeted as a result. Who was behind this? Was there a single culprit? Was there a culprit at all? Enter Robinhood and Citadel Securities….

eat the rich gamestop
Eat the Rich: The GameStop Saga (2022)

Loaded with interviews with professionals in the financial sector, and individual small investors who from their homes, played the Wall Street game from the outside its inner circle.

In three 40 minute episodes it gives us very complete run through of the saga – yes, it was a saga. It is a very amusing in its presentation narrated in a catchy, chummy tone by Guy Raz, with entertaining interviews, and a good dose of schadenfreude initially, it slowly but surely becomes informative.

Release Date

September 28, 2022.

Where to Watch

The streaming platform we follow “religiously” Netflix

Interesting Headlines Concerning Robinhood and GameStop

Robinhood suffers harshest hangover after pandemic stock trading boom

Financial Times: August 10, 2022

Boston Consulting Group sues GameStop claiming $30mn in unpaid fees

Financial Times: March 23 2022

A year on, we haven’t absorbed the lessons of the GameStop saga

Financial Times: January 19, 2022
Eat the Rich: The GameStop Saga
Eat the Rich: The GameStop Saga

Name: Eat the Rich: The GameStop Saga

Description: Think back about a couple of years or so. Remember one of the headlines about how Wall Street got played? The Game Stop phenomenon, when individual traders, the "lay" people set out to save a small video game store chain from being shorted to death by sharks in Wall Street. GameStop stocks skyrocketed, then the buy option of this stock was locked - they could not be bought, only sold.... and obviously plummeted as a result. Who was behind this? Was there a single culprit? Was there a culprit at all?

Review

In three 40 minute episodes it gives us very complete run through of the saga – yes, it was a saga. It is a very amusing in its presentation narrated in a catchy, chummy tone, with entertaining interviews, and a good dose of schadenfreude.

Overall
3.5

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