'Dumb Money' sidesteps the reality of the GameStop short squeeze

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'Dumb Money' sidesteps the reality of the GameStop short squeeze
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The 2021 game retailer saga was so compelling that Boston author Ben Mezrich sold the film rights to his book “The Antisocial Network” before it was completed. However, critic Sean Burns says, 'Good stories don't always make good movies.'

Good stories don’t always make good movies. “Dumb Money” is a great story, one you probably remember. Back in January of 2021, a bunch of vulture capitalist hedge fund managers had a very bad couple of weeks when the GameStop stock they were shorting became a craze among retail traders and Redittors who frequented the Wall Street Bets forum.

Paul Dano plays Keith Gill, the David in this scenario. He’s a Brockton native who worked for Mass Mutual during the day and, by night, donned a bandanna to become Roaring Kitty, a YouTuber broadcasting out of his basement while wearing a dazzling array of tacky cat shirts. Keith went all in on GameStop, investing his family’s $50,000 savings while the rest of the world considered him insane to back an obsolete mall-based business during a global pandemic. Gabe Plotkin certainly thought so.

It's also inherently undramatic, bouncing around the country between disparate characters who never meet. All of the action revolves around these people not selling their stock, so we watch them watch numbers go up for most of the movie. I daresay “Dumb Money” sets a new record for the amount of screen time spent digitally inserting movie stars into previously televised news programs and interview shows.

The one-note characters remain unchanged throughout the picture. The only growth is in their bank balances. Except for Keith’s brother, a comic relief sidekick invested with a surprising amount of soul by Pete Davidson. He’s a DoorDash driver usually seen snacking on his customers’ food — monstrous behavior during a pandemic — learning to be a little less of a jerk while firing off a ton of obviously improvised one-liners.

There’s a darkness to the GameStop story that the movie — and Mezrich’s book, for that matter — are careful to sidestep, one that could only come out of a very scary and stupid time in America. Stir crazy from COVID-19 and furious about the inequities it laid bare, a mass movement of citizens got angry enough to stubbornly pass up enormous amounts of money they could have made by selling, all for the sake of screwing over the rich bastards they saw profiting off the pandemic.

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