Sony Pictures has slated “Dumb Money” for theatrical release on October 20, 2023. The film, directed by Craig Gillespie, tells the true story of a Wall Street short squeeze that momentarily turned GameStop stock into the hottest investment in town.

The squeeze had initially been triggered by users of the subreddit r/wallsteetbets, an online forum, although some hedge funds also participated. The momentary skyrocketing of the video game store’s per-share value, from $17.25 in early January of 2021 to $500 just weeks later, turned the saga into a skewed David vs. Goliath story. The narrative of amateur traders and “fans” of the company driving up its stock price as a form of fandom/social protest against the stereotypical investor class proved irresistible as a juicy media story.

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