Eat the Rich: The GameStop Saga

No pun intended - and actually this is less a Backstreet Boys hit we get here and more a money thing. So less about love I reckon. Although of course a lot of people who did try or got onto the Gamestop train, did so because they had a heart for Gamestop ... or maybe they just hated the rich enough (too). Now I am surprised by the low score, but apparently some are not really satisfied by the content or rather the fact that certain things are omissed by the show. I had heard about this while it was happening, but I did not know the whole scope of it. I feel the show does try to do it as much justice as possible - again no pun intended. It is three episodes long/short and maybe people start to get fed up with those docu series ... there may be a bunch of reasons. I don't think this deserves such a low score - will only solidify a low score for my review I suppose, but if so .. well so be it. I was entertained and informed enough ... but that is me.

Just finished the series I hadn't heard about while working out this morning. Does a great job of showing several different people who had to know they were trying to cheat the system and ended up hammered in the end. When the hysteria about the GameStop stock exploded people started jumping onto the trend to "Hammer Wall Street" but in the end most ended up losing their money. Try 401K and properly buying stock is the best way to move. Use this great series as a warning to those who only use Reedit and family that buying stock is dangerous idea if you do not know what you are doing. Enjoy it with the family.

Long story short.... Positiv first time I heard the real voice of RC :0) Negativ. Retail investors are portrayed as idiots Nothing about FTDs (as far as I remember) Nothing about DRS movement Nothing about the DTC split fraud Nothing about the extensive written DDs and research on Reddit Superstonk Nothing about the Subreddit Superstonk DFV was portrayed as a calculated stock market gambler - from my point of view Nothing about Dr. T. "N..., short and Greedy: WS failure to deliver" To much about the RH guys :0) Nothing about the scope of GameStop reorganization and restructurization Finally, the documentary is made to tell the viewers that it was a one-time story, that it is over and you should stay away from it. There were still some retail investors shown, who have lost a lot of money.....Status today. But I think they were all hodlers ;0) I can't say when the series was produced, but a lot of important information is just missing. Probably so wanted or just not up to date?

It was not entertaining simply because they didn't try very hard. The mockumentary category would accept this as a comedy but it seemed too serious for that so I'm not sure what they were really trying to say. It may have gone over better had the creators done their due diligence. Why did I fall asleep? Well because it was unexciting. Not to say it was calming because I'm an insomniac and it was night time so I will add that while, yes, I fell asleep, it was because my brain didn't want to witness any more poorly created content, not because it was night time when I watched this atrocity. Really though why did they make this film in this way?

The whole thing felt like some sort of low effort attempt to capitlize on the Gamestop craze. As someone who works in finance I was annoyed at the how many things were not entirely accurate, misleading, or just plain wrong. I watched this wanting to know more about the people involved and more about not only what happened during the short squeeze from January 2021 but wanting to know more about what is currently happening with Gamestop and was dissapointed on both fronts. There former was poorly explained and instead I had to suffer through memes that were shoehorned in for fan service and the latter non-existent. No mention of the direct registration movement, how a small group of investors currently own 55% of the free float (and growing) of a multi-billion dollar company, or any analysis into the realistic economic impact. I wish I hadn't wasted my time and am writing this in the hopes that it saves someone else hours of their life that would be better spent other ways. I honestly can't imagine who would get anything out of this series and struggle with identifying who the target audience even is because it sure isn't "people who want to know more about the Gamestop saga".

For all the people blasting the series with low ratings or one star I don't think they actually watched the entire series. This is worth a watch if you like documentaries or interested in investing or how markets work. I had no bias going into the series. There may be more pieces to the puzzle but my takeaway was this was more about large hedge funds and big investment firms having a leg up on retail investors, these same companies can drive prices and fluctuate the market in a way retail investors can't, including actively betting on a company to fail, so retail investors are at a disadvantage, and then when retail investors push back collectively and gain traction, the rug is pulled out from under them by the platform they are using who would appear to be involved in a conflict of interest in the stock that's being pushed. I never thought this painted retail investors as dumb. I thought this was more of a hit on the hedge fund managers and that big money will prevail and that the government doesn't seem equipped to handle or doesn't want to handle it. I thought it was commendable on what the retail investors and online users were able to achieve. The hedge funds have found "loopholes" for lack of a better term that to most of us would probably seem shady or manipulative. It even gets referenced that this is a classic David vs Goliath situation. I enjoyed it, thought it was compelling, and certainly not understanding of all the negativity in the reviews.

The makers missed the point of the whole movement and who is to blame for the current situation. No mention of the current driver behind the movement (Superstonk subreddit) or the never before seen move by retail investors to direct register their shares and pull them off the market to prevent abusive short selling by hedge funds. It's almost as if this documentary was made or influenced by those in power that have something to lose if the little man succeeds. Any authentic look at the GameStop saga must at it's heart center around the primary motivation to fight corruption in the system and take on these global financial powers, not the "Eat The Rich" mentality this documentary pitches. This story is far from over and will not end until people at the center of the corruption in the financial world are held accountable.

I honestly do not think they did any other research than the facts that were provided to them by their corporate overlords. Mostly talking points from MSM. The conclusion that retail investors, those of us with the least amount of money, power, and corruption conspired to crash the economy only leads to a bigger question.... Why is is so detrimental to our society that people invest in a stock, GME, in this instance, and hold on to it for appreciation? Absolutely dumbfounding that the principles of stock ownership do not apply, and are sinisterized. UNLESS.....there may actually be more going on behind the curtains. You have to wonder...why this group of individual investors poses such a threat to society...the truth with set you free. Oh yeah...Cramer is a tool. Who the hell can take this joke of a commentator seriously. If you question his motives, check out the video of him talking about how to manipulate stock prices and public sentiment. He should be in jail not on cable "news".