The future is either an incredibly exciting place where decentralized ledgers bring about change rapidly or a hellish landscape where organized groups can exploit vulnerabilities in rigged systems. Fourteen years ago, director Ondi Timoner’s We Live in Public predicted the toxic hellscape some social media platforms have become, documenting Josh Harris’ Y2K era project “Quiet.” In a doomsday-style bunker, Harris simulated a societal breakdown in 30 days that has taken Facebook nearly twenty years to achieve. The director’s latest documentary The New Americans: Gaming a Revolution applies some of the same insights as GameStop: Rise of the Players as it explores the relationship between gaming, crypto, mediated mobilizations, and the stock market.
Timoner includes a wide range of personalities to tell this story, including the experts that misread just how volatile a market can be when retail investors have the time and the money to learn how to play the game.
Timoner includes a wide range of personalities to tell this story, including the experts that misread just how volatile a market can be when retail investors have the time and the money to learn how to play the game.
- 3/17/2023
- by John Fink
- The Film Stage
The filmmakers behind Diamond Hands: The Legend of WallStreetBets, call the story behind the Reddit users’ revolt over the retailer GameStop a “perfect storm.”
The project, which will have its premiere at SXSW on March 13 and then air at 10 Pm Et on April 10 on MSNBC, tells the story of the Reddit users who, early last year, coordinated to drive up the price of the faltering company GameStop to counter major hedge fund short sellers. What happened became a sensation, as attention focused not only on the impact on the market, with GameStop shares soaring 1700%, but the Robinhood trading app, which allowed average users to buy and sell shares at a whim.
Zackary Canepari, director of the project along with Drea Cooper, said that what happened was “a one of a kind situation. This only happened because there was a pandemic and stimulus checks and boredom and social media and populism,...
The project, which will have its premiere at SXSW on March 13 and then air at 10 Pm Et on April 10 on MSNBC, tells the story of the Reddit users who, early last year, coordinated to drive up the price of the faltering company GameStop to counter major hedge fund short sellers. What happened became a sensation, as attention focused not only on the impact on the market, with GameStop shares soaring 1700%, but the Robinhood trading app, which allowed average users to buy and sell shares at a whim.
Zackary Canepari, director of the project along with Drea Cooper, said that what happened was “a one of a kind situation. This only happened because there was a pandemic and stimulus checks and boredom and social media and populism,...
- 2/7/2022
- by Ted Johnson
- Deadline Film + TV
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