Dumb Money is a 2023 American biographical comedy-drama film, directed by Craig Gillespie and written by Lauren Schuker Blum and Rebecca Angelo.
The film features an ensemble cast that includes Paul Dano, Pete Davidson, Vincent D'Onofrio, America Ferrera, Nick Offerman, Anthony Ramos, Sebastian Stan, Shailene Woodley, and Seth Rogen.
Things take a turn when r/WallStreetBets is temporarily shut down for "inflammatory and vulgar content", causing a mass surge of panic selling in GameStop's stock in an attempt to beat a perceived price drop.
They raise the $3–4 billion necessary, but the subsequent negative backlash results in an investigation by the United States House Committee on Financial Services, with Tenev, Griffin, Plotkin, and Keith all being subpoenaed, the former three for their roles in the fiasco and the latter on suspicion of using the situation to trick the public into making himself rich.
In the aftermath, post text shows how several of the individuals were affected: Plotkin was forced to shut down Melvin Capital because of the net losses the incident caused; Robinhood was the target of several lawsuits following the fiasco and wound up starting in the stock market significantly lower than it was prior; Harmony was able to use the money she obtained to pay off her family's debt issues and continues her relationship with Riri; Marcos sold half of his GameStop stock and quit his position in the company; Jennifer remains in debt but has retained her shareholding; Keith retired from YouTube in late April to get out of the public eye and sold part of his stocks to get Kevin an expensive car as a way to stop his nagging about how he will not loan him his car for his food deliveries.
[10] In October 2022, Sony Pictures bought distribution rights to the film in the United States, Latin America, Scandinavia, Eastern Europe, South Africa and select Asian countries including India for $20 million.
[10] The following month, Shailene Woodley, Anthony Ramos, Vincent D'Onofrio, Dane DeHaan, Myha'la Herrold, America Ferrera, Rushi Kota, Nick Offerman, and Talia Ryder joined the cast.
To bring them together without physical proximity, writers Lauren Schuker Blum and Rebecca Angelo drew inspiration from screenwriter Frank Capra and films such as The Social Network.
The website's consensus reads: "Dumb Money's crowd-pleasing dramatization of real-life stock hijinks may not tell the complete story, but it's rousingly entertaining nonetheless.