Stonkbros Are Indignant Over Netflix’s GameStop Documentary Trailer

An angry man in a ripped suit stands near a large orange arrow.

Picture: Epic / Google / Kotaku

Again in January of 2021 GameStop’s inventory worth exploded as Reddit trolls went to struggle with old-school traders after the latter guess on the corporate failing. Reddit et al referred to as their bluff, and nicely, it’s now the stuff of documentary movies. Talking of, Netflix simply launched a brand new trailer for its upcoming documentary in regards to the wild “gamestonks” saga, and it’s made a few of the trollish Redditors who have been concerned in all this very mad. So mad, they’re threatening to cancel their streaming subscriptions.

Let’s rewind actual fast to (briefly) clarify what the hell occurred again in January 2021.

Initially of the 12 months, GameStop’s inventory was buying and selling at beneath $20 a share, and the brick-and-mortar retail chain it was connected to was in determined want of a Plan B. However when institutional traders started short-selling the inventory—successfully betting that the corporate was overvalued and would quickly implode—-something odd occurred: Its inventory worth greater than tripled in worth, reaching simply over $73 on January 22, 2021.

Why? A bunch of retail traders on Reddit and TikTok believed that GameStop was extra invaluable than the shorters have been claiming and commenced shopping for up its inventory. This had the impact of elevating the worth for the institutional traders betting on its failure, who immediately needed to cowl the worth distinction or eat the prices. Ultimately, too many wealthy individuals bought screwed so stock-trading apps like Robinhood blocked customers from shopping for extra GameStop belongings and the entire thing grew to become a horrible mess, an ideal instance of the hellscape that’s modern-day capitalism.

It’s undoubtedly an thrilling, wild story stuffed with twists and turns. That might make for a superb documentary! So, that’s precisely what Netflix is doing (and what HBO Max did six months in the past…) and now we’ve got this trailer for the upcoming Eat the Wealthy: The GameStop Saga.

Boy, the inventory bros and Redditors actually, actually hate it.

Over on r/SuperStonk—the principle GameStop inventory theory-crafting subreddit (sure, that’s an actual factor)—yow will discover quite a few, extremely upvoted, and widespread posts declaring that the doc is a “unhealthy portrayal” of retail traders, with many imploring all who’ll take heed to cancel their Netflix accounts in retaliation.

Stonk bros are mad on the doc for a couple of completely different causes, however the two large issues that hold developing are the supposed lack of enter from traders on r/SuperStonk and r/WallStreetBets and due to the ultimate line of the trailer, spoken by journalist Taylor Lorenz. The trailer ends along with her seemingly poking enjoyable on the Redditors who got down to battle the GameStop quick sellers, saying, “Yolo, let’s destroy the economic system.” That line appears to have actually angered a specific group of Reddit traders.

“I’m able to cancel Netflix in any case…yolo woman gave me a purpose. Slater Netflix,” mentioned one person on r/SuperStonk. “Cancel Netflix and use that cash to purchase GME [stock]?” replied one other. In fact, only a few have shared photos or different proof proving that they’ve canceled their subscriptions, or that they even had one to start with. And different customers on r/SuperStonk expressed disbelief on the concept of individuals canceling a sub over a documentary that hadn’t even been launched but.

Nonetheless, over on Twitter, yow will discover tons of offended replies to Netflix’s trailer, with individuals claiming it’s only a hit job meant to make retail traders look horrible. Even Taylor Lorenz has come out and clarified that she is adamantly against the damaged and unfair financial system of Wall Road, calling it “undeniably unhealthy.” However that doesn’t matter to offended traders. I assume all you want is one soundbite from an unreleased film’s trailer to comprehend it’s a success piece.


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