Story about Gamestop rebels comes to the cinema: Hollywood filmed Wallstreetbets
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Ben Mezrich, the author behind “The Social Network” writes on “The Antisocial Network”. In it he wants to tell the story of Wallstreetbets. The film rights have already been sold.
It’s a story Hollywood loves. An alleged David – the Robinhood traders around the Reddit forum Wallstreetbets – is investing with a Goliath – the hedge funds that have bet heavily on falling prices in Gamestop and other small stocks – and wins. That promises a high level of audience interest and ringing cinema or streaming box offices.
This is the story that Ben Mezrich, a distinguished book and script author, wants to write. Mezrich penned “The Accidental Billionaires”, the book that was filmed under the title “The Social Network” and tells the story of how Facebook was created. Mezrich has written over 20 books to date and has sold a total of more than six million copies. He prefers to deal with technical subjects. His last book called “Bitcoin Billionaires” was published in 2019 and is also planned for filming.
Contents
“The Antisocial Network” is said to be about the recent story of a group of Wall Street rebels with at least six million users who are heavy with hedge funds worth billions with trader apps like Robinhood and a Reddit forum that had more or less coordinated the actions has caused financial damage.
So far, estimates are in the range of $ 20 billion in damage. The largest short seller, Melvin Capital, had lost more than half of its assets due to the Robinhood traders and their support from stocks such as Gamestop, AMC, Blackberry or Nokia and had to be bailed out with an emergency injection of funds.
MGM buys book rights from Mezrich before it is written
Mezrich had hardly suggested the book when the Hollywood studio MGM decided the film rights have already been secured. So there will be another cooperation between Mezrich and Michael DeLuca. DeLuca produced the Facebook film. The Winklevoss twins are traded as executive producers, with Oscar nominee Aaron Ryder producing. For Mezrich, it’s not the only ongoing film project. His book “Bitcoin Billionaires” is also being filmed, as is his novel “The Midnight Ride”.
After Mezrich first suggested the story and sold it directly last week, not much is known about the content. Above all, it is unclear which part of the story Mezrich wants to tell, i.e. where he sets the beginning and the end of the story and what turn he will give the topic. That the events of the past week will play a role can be considered safe.
