Eat the Rich: The GameStop Saga

This movie attempts to paint independent retail investors (average people) as traders coordinating to destroy the market. It ignores the fact that hedge funds and market makers continue to exploit loopholes to defraud retail investors of billions of dollars, while destroying legitimate companies (such as through death spiral financing, cellar-boxing, and under-reported swaps). These are the same people responsible for the Great Financial Crisis, using the same tricks, because they were never held accountable. Instead, average people were made to bail them out.

The movie conveniently neglects to mention that this is an ongoing situation in which the "big fish" are still trapped, and that leads to the goal of the whole "documentary": To mislead you into thinking that the whole "GameStop Saga" has concluded. It hasn't. That's what the GME movement is about: Register your shares in your name and prove that Wall Street has produced counterfeit shares.

See drsgme . Org.

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.

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.

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".

I have no horse in this race but I was active on the wsb and superstonk subreddits to know they didn't present the whole thing. First off I just hate when documentaries and movies like the big short assume that people would lose interest if they explained things like shorting, margin calls or any other things that are central to the story. I don't want a chef or Margot Robbie or some distraction to be fed the critical information that I need for understanding the documentary. Secondly the interviews in this 'documentary' in particular makes Liam Neeson's action scenes look like a one take cinematic masterpiece. They are so chopped up they are the equivalent of a ransom note. Like let the guy speak for a minute would you? Third even though I can't definitively say this documentary is biased to the one side, it sure seemed like they omitted or brushed past lots of relevant details especially surrounding Robinhood and the big banks. I don't know if they interviewed some people to represent the day traders and redditors and they chose the guy who would be a clear opposite in contrast to the Wall Street guys or what but I cringed watching that interview and thought this guy must be hired or the video highly edited.

I don't live in the US and have never participated in anything resembling a stock market and I could clearly see this needed a lot of input before airing. Don't watch this to know about the GameStop saga. The best thing about this documentary is that if you suffer from insomnia this really helps you get some good nap right infront of your tv. It also creates a conducive environment to just leave it on and have sex with your partner. In some ways this documentary is one step backward for documentary film making but one giant leap in therapy.