Eat the Rich: The GameStop Saga

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".

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 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.

The makers missed the point of the whole movement and who is to blame for the current situation. No mention of the current driver behind the movement (Superstonk subreddit) or the never before seen move by retail investors to direct register their shares and pull them off the market to prevent abusive short selling by hedge funds. It's almost as if this documentary was made or influenced by those in power that have something to lose if the little man succeeds. Any authentic look at the GameStop saga must at it's heart center around the primary motivation to fight corruption in the system and take on these global financial powers, not the "Eat The Rich" mentality this documentary pitches. This story is far from over and will not end until people at the center of the corruption in the financial world are held accountable.

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!