Less than a week has passed since a group of small investors shook Wall Street, and Netflix is already preparing a film that will tell the story of how the high price of the shares of GameStop, a bankrupt company, disrupted fundraising plans. millions of dollars.
According to an exclusive from the Hollywood Deadline, the streaming giant is negotiating a film about the case, which, according to the same medium, would have the role of actor Noah Centineo (“To All The Boys I Loved Before”, “Black Adam”) with a screenplay written by Mark Boal.
In addition, it would not be the only film project of the event, as MGM studios (Metro-Goldwyn-Mayer) have acquired the rights to the design of a book about GameStop to be written by Ben Mezrich. There are two separate bands.
At the moment, Netflix declined to comment on the matter, but sources quoted by Deadline say their intention is for the film to explore how the Internet has distributed economic power and media to users, with its advantages and disadvantages.
GameStop and Wall Street
The democratization of stock trading through apps and social networks last week sparked a war on Wall Street in which for the first time the big funds were defeated, with 20,000 million dollars and a lot of pride lost on the battlefield.
Millions of small investors organized in a Reddit forum raised the price of GameStop shares, which was less than a year to $ 4, to over 400. AMC, Nokia and Koss headphones from theaters were other targets they had caused a drain on large investment funds. .
The strategy they followed was to mimic the “short selling” operations of large “brokers” who pledge to take advantage of stock market crashes of companies whose business model is outdated or going through a bad period.
The phenomenon has opened the debate on the regulation of the stock market, which has so far been opposed by billionaires who controlled Wall Street.