In the wake of the Reddit-driven market frenzy that consumed Wall Street two years ago, comes a scathing, brilliantly constructed documentary titled "Making of the Meme King." Produced by Kenneth Griffin and aired on CNBC, this film is a gripping journey through the whirlwind saga of the meme stock craze, zeroing in on Ryan Cohen, the de facto leader of the GameStop "apes" phenomenon, and the controversial figures surrounding him. Using coded messages and playing into delusions of the apes, the then CEO of GameStop is able to amass a cult-like following. He
"Meme King" uses its runtime efficiently to meticulously dissect every nuance of this complex financial web, ensuring a fascinating watch. Its tone oscillates masterfully between chilling revelations and satirical humor, poking fun at the outrageous yet comically audacious 'apes' of the GameStop era. For some, it will serve as an enlightening, sobering reminder of the absurdity that engulfed the financial world, while others may find it a cathartic experience to witness the unfolding of this hilarious lampoon of internet culture's foray into Wall Street.
Act 1 of the film immediately commands attention by unearthing the shrouded world of Ryan Cohen's rise, alleged misdeeds, and market manipulation. These revelations, revealed through whistleblower accounts and investigative journalism, pull no punches in casting aspersions on the CEO.
In its second act, the film delves deeper into the allegations of insider trading, with a convincing display of suspicious trading patterns and irregularities. It's here that "Meme King" really shines, not just content to present a litany of accusations, but aiming to educate its audience on the nuances and legal implications of insider trading and to caution them against herd or group investing.
The film's intrigue intensifies further in Act 3 as it probes into the peculiar relationship between Cohen and the late BBBY CFO. The documentary does an excellent job of raising ethical questions about the potential implications of such high-profile business dealings.
However, the crown jewel of "Meme King" is its exploration of the enigmatic meme investor, Kais Maalej. His audacious exploits in pursuit of BBBY CEO Sue Grove are presented as a darkly comic tale, underscoring the dangerous precipice where mental illness and financial markets intersect.
The documentary does an impeccable job of humanizing the faceless, internet-based 'apes' while simultaneously exposing the extreme ends to which this obsession can lead. As a result, it's both a fascinating case study and a sharp critique of modern-day cults.
"Meme King" is more than just a satirical roast of the meme stock craze; it's a piercing commentary on the state of financial markets and the dire need for effective regulatory measures. It delves deep into the ramifications of irresponsible investing, promoting awareness of the importance of transparency and accountability in an era where internet culture can influence the very fabric of Wall Street and evil billionaires like Ryan Cohen use their power for financial gain.
In the end, the message is clear: the stock market is no place for apes, and those who attempt to game the system often pay the price. This film provides an invaluable lesson wrapped in a layer of irresistible satire. Regardless of whether you were part of the meme stock craze, a bystander, or completely unaware of its existence, "Making of the Meme King" is an essential watch for its raw portrayal of one of the most bizarre periods in financial history. A solid 10/10 for its audaciousness and flawless execution.