Netflix's new documentary on the GameStop saga is a must-watch
There was a time when this was pretty much all anyone could talk about...
In early 2021, against all odds, supporters of video game store GameStop managed to completely upend Wall Street.
In an event known as the GameStop short squeeze, GameStop fans on Reddit rallied against nay-sayers to save the company, and in the process, causing the price of the GameStop stock to rocket to over 30 times its original value.
This, in turn, required actual bailouts for hedge funds when things began to spiral out of their control.
To put it mildly, from the sidelines, it was all very funny.
New three-part Netflix documentary series Eat The Rich: The GameStop Saga does a tremendous deep-dive on this event, chatting to journalists, hedge fund managers and members of the Reddit community who were all directly involved in what happened.
Upon release, the series has been getting some of the best reviews for a Netflix documentary since The Tinder Swindler...
The Telegraph - "Happily for film-makers, online investment is a treasure trove of colourful characters. It doesn’t bloat but barrels along, with the whole series coming in at under two hours. Did I fully understand the financial ins and outs? Nope. Did I enjoy the ride anyway? Heck yes. Consider me invested."
Indiewire - "Part investing lesson, part cautionary tale, “Eat the Rich: The GameStop Saga” has some wild characters for a documentary series about the short selling of stocks, which means it should not bore the uninitiated. And if you’re not careful, you just might learn something too."
CNN - "The best part of Eat the Rich: The GameStop Saga is that it manages to tell a complicated financial story with a fair amount of humour and context, in a way that doesn’t demonise the various parties, which doesn’t spare them from various levels of mockery. The result is a Netflix docu-series that, despite a few excesses, exposes the more ridiculous aspects of stock trading and where all that paper can come to resemble a house of cards."
All three episodes of Eat The Rich: The GameStop Saga are available to watch on Netflix right now.