GameStop: Les geeks défient Wall Street
Titre original : Eat the Rich: The GameStop Saga
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6,4/10
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Des traders amateurs élaborent un plan audacieux pour s'enrichir rapidement et semer la pagaille sur les marchés. Pourront-ils battre Wall Street à son propre jeu ?Des traders amateurs élaborent un plan audacieux pour s'enrichir rapidement et semer la pagaille sur les marchés. Pourront-ils battre Wall Street à son propre jeu ?Des traders amateurs élaborent un plan audacieux pour s'enrichir rapidement et semer la pagaille sur les marchés. Pourront-ils battre Wall Street à son propre jeu ?
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I would equate "Eat the Rich: The GameStop Saga" to a documentary made about Casey/Kaylee Anthony that omitted the evidence found in the trunk of Casey's car, did not mention Casey's behavior following the disappearance of her daughter, and was written by Casey Anthony herself. For anyone remotely familiar with this infamous case, you get the picture? Such a misleading documentary with essentially all of the evidence omitted would of course skew the story itself, but having the storyline dictated by Casey herself? You can be sure the information provided will be biased. Would you trust the information provided in a documentary about a murder written by the prime suspect? No?
This is what "Eat the Rich: The GameStop Saga" is. A documentary outlining events with key details removed, created and bolstered by individuals with not only an extreme bias, but also intentional ignorance of the totality of the facts. If you're looking for tangible fact, this documentary is not a source you should look to.
I always gather information from a variety of sources whenever I decide to read up on an event/topic. This ensures that I do not succumb to bias and am able to form my own independent opinion. If you would like to get more of the facts and form an opinion for yourself, I would recommend giving "The Diamond Handbook" a read. Just google "The Diamond Handbook Reddit" and you will find it.
This is what "Eat the Rich: The GameStop Saga" is. A documentary outlining events with key details removed, created and bolstered by individuals with not only an extreme bias, but also intentional ignorance of the totality of the facts. If you're looking for tangible fact, this documentary is not a source you should look to.
I always gather information from a variety of sources whenever I decide to read up on an event/topic. This ensures that I do not succumb to bias and am able to form my own independent opinion. If you would like to get more of the facts and form an opinion for yourself, I would recommend giving "The Diamond Handbook" a read. Just google "The Diamond Handbook Reddit" and you will find it.
This movie is clearly just trying to capitalize on the current movement for financial freedome in the GME saga. The facts in this movie are soo FAR OFF its just pathetic. While it may hit the mark on a few things (What Short Selling Is, what a Market Maker is, etc) it misses the root issue by a LONG SHOT.
The director and staff have cut up interviews to grab pieces out of context to spin a narrative that puts the movement in the wrong light.
TBH, even if you just are bored and looking for something to watch, just choose something else that would actually be funny/informative/creative instead of this!
The director and staff have cut up interviews to grab pieces out of context to spin a narrative that puts the movement in the wrong light.
TBH, even if you just are bored and looking for something to watch, just choose something else that would actually be funny/informative/creative instead of this!
For all the people blasting the series with low ratings or one star I don't think they actually watched the entire series. This is worth a watch if you like documentaries or interested in investing or how markets work.
I had no bias going into the series. There may be more pieces to the puzzle but my takeaway was this was more about large hedge funds and big investment firms having a leg up on retail investors, these same companies can drive prices and fluctuate the market in a way retail investors can't, including actively betting on a company to fail, so retail investors are at a disadvantage, and then when retail investors push back collectively and gain traction, the rug is pulled out from under them by the platform they are using who would appear to be involved in a conflict of interest in the stock that's being pushed.
I never thought this painted retail investors as dumb. I thought this was more of a hit on the hedge fund managers and that big money will prevail and that the government doesn't seem equipped to handle or doesn't want to handle it. I thought it was commendable on what the retail investors and online users were able to achieve. The hedge funds have found "loopholes" for lack of a better term that to most of us would probably seem shady or manipulative. It even gets referenced that this is a classic David vs Goliath situation. I enjoyed it, thought it was compelling, and certainly not understanding of all the negativity in the reviews.
I had no bias going into the series. There may be more pieces to the puzzle but my takeaway was this was more about large hedge funds and big investment firms having a leg up on retail investors, these same companies can drive prices and fluctuate the market in a way retail investors can't, including actively betting on a company to fail, so retail investors are at a disadvantage, and then when retail investors push back collectively and gain traction, the rug is pulled out from under them by the platform they are using who would appear to be involved in a conflict of interest in the stock that's being pushed.
I never thought this painted retail investors as dumb. I thought this was more of a hit on the hedge fund managers and that big money will prevail and that the government doesn't seem equipped to handle or doesn't want to handle it. I thought it was commendable on what the retail investors and online users were able to achieve. The hedge funds have found "loopholes" for lack of a better term that to most of us would probably seem shady or manipulative. It even gets referenced that this is a classic David vs Goliath situation. I enjoyed it, thought it was compelling, and certainly not understanding of all the negativity in the reviews.
Listen, I know Netflix Documentaries are usually said to not be too good and/or biased. But to be fair I'm not here to get, like, all the details and information from only this source HOWEVER what I'm here fore is a basic understanding and rundown of things so I can see if it is worth my time to do my own research.
I didn't really watch the news around the time all of this went down so "GameStop" was only "that one American company that kinda crashed the Wallstreet or something" to me. This little documentary series was amazing to give me a quick overview of what happened, so that I now have a (admittedly probably very rough) picture of the whole thing.
It might have felt very subjective but I still appreciated the opportunity to save me a tremendous amout of time for research. Admittedly, this was the most comfortable option.
I didn't really watch the news around the time all of this went down so "GameStop" was only "that one American company that kinda crashed the Wallstreet or something" to me. This little documentary series was amazing to give me a quick overview of what happened, so that I now have a (admittedly probably very rough) picture of the whole thing.
It might have felt very subjective but I still appreciated the opportunity to save me a tremendous amout of time for research. Admittedly, this was the most comfortable option.
The whole thing felt like some sort of low effort attempt to capitlize on the Gamestop craze. As someone who works in finance I was annoyed at the how many things were not entirely accurate, misleading, or just plain wrong. I watched this wanting to know more about the people involved and more about not only what happened during the short squeeze from January 2021 but wanting to know more about what is currently happening with Gamestop and was dissapointed on both fronts. There former was poorly explained and instead I had to suffer through memes that were shoehorned in for fan service and the latter non-existent. No mention of the direct registration movement, how a small group of investors currently own 55% of the free float (and growing) of a multi-billion dollar company, or any analysis into the realistic economic impact. I wish I hadn't wasted my time and am writing this in the hopes that it saves someone else hours of their life that would be better spent other ways. I honestly can't imagine who would get anything out of this series and struggle with identifying who the target audience even is because it sure isn't "people who want to know more about the Gamestop saga".
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- Eat the Rich: The GameStop Saga
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- Durée36 minutes
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