As someone who knows barely anything about how the stock market works, I’ve been watching the news in amazement and confusion at the current spectacle that is the Gamestop trade fiasco. In case you’re not aware of it, Reddit users banded together to raise the value of Gamestop’s stock in order to cripple hedge funds and put them billions of dollars in debt. This involves a process called shorting a stock, where basically investors peg the company to go under so they can make bank, and Redditors turning that against the hedge fund managers.
Look, if you want a more in-depth explanation of what’s happening, go watch The Big Short. From how it’s been explained to me, this is basically another rendition of the 2008 Financial Crisis. Only this time, the public is fighting back and making the hedge funds lose billions without batting an eye. Think about if you could curb stomp The Wolf of Wall Street’s Jordan Belford for weeks on end. That’s kind of what the internet is doing to Wall Street executives now (to my understanding).
ANYWAY, with all of the ongoing drama and market chaos, Netflix has announced that they’re rushing to get a film based on the situation out the door. They decided to tap Mark Boal to write the script, who served as the writer for both The Hurt Locker and Zero Dark Thirty. Boal is probably the best choice for getting this film out the door since not only is he a talented writer, but the man is skilled at creating compelling and Oscar-worthy scripts in a short time crunch, most famously how the entire script of Zero Dark Thirty was reworked in a few months to instead center on the assassination of Osama bin Laden.
Due to the speed of this project, no cast or director has been announced yet outside of the involvement of Boal and that the film will star Noah Centineo in an unspecified role. No release date has been announced for the film either, but Netflix is going to be in competition to get a film out before MGM gets a film adaptation made of the recently proposed book “The Antisocial Network,” which will also chronicle the Gamestop madness.