It’s been less than a week since a group of Redditors short squeezed a bunch of hedge funds into skyrocketing the value of GameStop stocks (which I believe are now officially, legally mandated to be referred to as “stonks” moving forward), but there are already
multiple movies reported to be in various stages of development.
First, it was announced that MGM had acquired the rights to a book proposal not even a book, just the proposal! called
The Antisocial Network. That book will be written by Ben Mezrich, who has a history of writing successful source material for future films. He’s written a ton of nonfiction books, including
GameStop saga heads to Netflix and the big screen
FILE PHOTO: REUTERS
Erich Schwartzel
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The ending hasn’t been written yet, but Hollywood is moving quickly to bring the story of the GameStop investment saga to the screen.
Separate projects at Netflix Inc. and Metro-Goldwyn-Mayer Inc. are already in development about the past week on Wall Street, in which an investing-focused group on a Reddit message board banded together to boost the share prices of struggling companies such as GameStop Corp. and AMC Entertainment Holdings Inc., in the process crippling the hedge funds that had bet against them.