While it may be true that the house always wins, a group of savvy internet investors flipped the world of capitalism on its head when they drove up the stock of GameStop only to find themselves ousted by a higher power. A trailer for Netflix’s upcoming limited docuseries, Eat the Rich: The GameStop Saga promises to take viewers through the rise and fall of the economic see-saw that set up a win for the underdogs only to be put back in their place by the stock market powers that be.
Broken down step-by-step for those of us who don’t totally understand why GameStop became the business at the center of the mess, several of the interviewees explain that investing in stocks became popular during the early days of COVID. With so many folks losing their jobs, many were looking for a way to quickly understand investing as a new way to make some cash.
COLLIDER VIDEO OF THE DAY Just when it looked as though the store was going to financially crash, the users piled in their investments, rapidly driving up its stock. But, when you take on the leaders of Wall Street, you need to be prepared to fight. Poking a hole in the underdogs’ plan, things took a turn for the worse for those who thought they’d have a big win with their investments. What happened next is one of the most talked about scandals in stock market history.
You can check out the trailer for Eat the Rich: The GameStop Saga below and binge the limited series when it launches on Netflix on September 28.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Forbes - 🏆 394. / 53 Read more »