GameStop meme stock movie ‘Dumb Money’ in the works with Seth Rogen, Pete Davidson

GameStop meme stock movie ‘Dumb Money’ in the works with Seth Rogen, Pete Davidson


A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) March 29, 2022.

Brendan McDermid | Reuters

Last year’s GameStop meme stock phenomenon is making its way to the big screen, as “Saturday Night Live” alum Pete Davidson, “There Will Be Blood” actor Paul Dano, “Pineapple Express” star Seth Rogen and Marvel Cinematic Universe regular Sebastian Stan are set to star in “Dumb Money.”

A group of Reddit-based retail investors on the Wall Street Bets page boosted shares of GameStop in 2021 in an effort to hammer short-selling hedge funds.

The ensuing meme-stock-mania resulted in sharp swings in the company’s share price, worrying Wall Street and recently impacting other retailers like Bed Bath & Beyond. Activist investor and meme stock king Ryan Cohen is chairman of GameStop and had bought more than 10% of Bed Bath’s stock before cashing out of the troubled home-good retailer.

“Dumb Money” is based on Ben Mezrich’s nonfiction book “The Antisocial Network,” which was published in September 2021. A rights sale for the film is set to kick off this month at this year’s Toronto Film Festival, according to Variety.

“Dumb Money” will be directed by Craig Gillespie, who previously collaborated with Stan on his 2017 film “I, Tonya” and the Hulu series “Pam & Tommy.” Like “Dumb Money,” both of those projects focused on real-life events involving disgraced figure skating Olympian Tonya Harding, actress and model Pamela Anderson and Motley Crue drummer Tommy Lee.

Filming on “Dumb Money” is set to begin this month.



Source

Patrick Mahomes is investing in his love for coffee — and isn’t thrilled about an 18-game season
Business

Patrick Mahomes is investing in his love for coffee — and isn’t thrilled about an 18-game season

Kansas City Chiefs quarterback Patrick Mahomes has added “coffee entrepreneur” to his already packed resume. The three-time Super Bowl champion has invested in Throne Sport Coffee, adding to the 29-year-old superstar’s portfolio off the field. As his Chiefs and the rest of the NFL gear up for the upcoming season, Mahomes spoke to CNBC about […]

Read More
Business class+? Delta says segmentation is coming to high-end cabins
Business

Business class+? Delta says segmentation is coming to high-end cabins

Nurphoto | Nurphoto | Getty Images Delta Air Lines is studying new types of airplane tickets — this time in the premium cabins at the front of the plane. Airlines spent years slicing up their coach cabins, from extra legroom seats to bare-bones basic economy fares that don’t allow changes or include a seat assignment. […]

Read More
Trump’s tariffs on Brazil could make your coffee even more expensive
Business

Trump’s tariffs on Brazil could make your coffee even more expensive

President Donald Trump’s proposed 50% tariff on Brazilian imports is bad news for coffee drinkers. Brazil, the largest U.S. supplier of green coffee beans, accounts for about a third of the country’s total supply, according to data from the U.S. Department of Agriculture. Coffee beans need to grow in a warm, tropical climate, making Hawaii […]

Read More