Next on Netflix : Eat the Rich : The GameStop Saga

Back in 2021, the electronics retailer GameStop featured in the news. Swallowed in part by the ongoing pandemic & the presidential switchover, the story passed a lot of people by. Never fear, where there is scandal, money and intrigue, there is Netflix!  

The 3-part docuseries ‘Eat the Rich : The GameStop Saga’ examines the incident and explores the outcomes of what happens when a bunch of internet misfits from a Reddit forum act in unison to boost the stock price of a doomed videogame store.

Opening on Mad Moneys Jim Cramer, fulminating at the treatment he received by rookie investors who mocked him mercilessly, & narrated by the silky-smooth stylings of NPR stalwart Guy Raz, it’s a real rollercoaster ride of market manipulation, memes & mega millions made and lost.

A classic David & Goliath story, GameStop’s saga rocked the financial world, woke an entire generation of virgin day traders & even ended in a congressional hearing. If the inner workings of Wall Street sound like a Ponzi scheme in a suit to you, you’re on the right track.

Eat the Rich is a great primer for the uninitiated investors among us. From shorting, hedge funds, stock squeezes, pump 'n' dump and PFOF (Payment for Order Flow), we are treated to a riveting education on the messy, Machiavellian world of the stock exchange.  

With paper hands and diamond hands, self-titled Apes of Wall Street Bets forum coined the phrases, made the memes, wrote the in-jokes, AND manufactured market volatility that saw Wall Street lose over $20 BILLION on one shorted stock. Take that, capitalism!

But what role did Melvin Capital Management play in the shorted stock scenario? They had previously attempted to wipe out Nintendo. Who are Citadel LLC and its extravagant CEO who happens to reside in Americas most expensive house worth $238M?

What about the Robinhood app, a brokerage which claimed to exist to service the little guy, but in the end let its users down in spectacular and most likely illegal form? Who is Roaring Kitty, the odd but personable YouTuber who chronicled the rigmarole and championed the stock?

Netflix knows how to make even dry topics like stocks, shares & finances sexy. Using stylish graphics, slick editing, interesting real-life characters & even rap, the stage is set for a battle of professional investors v emotive enthusiasts. And as it's the internet, expect cats.

If you enjoyed Crypto King you'll like this. Besides, when Guy Raz utters his calm, soothing diction, you pay attention. It’s bound to be something interesting.

These Reddit Apes didn’t set out to destroy the economy or change the face of capitalism.

They just liked the stock.