Wall Street is about to be rocked by a group of unlikely heroes in the new movie Dumb Money. Based on the incredible true story of the GameStop short squeeze engineered by retail investors on Reddit, Dumb Money follows the ragtag group of amateur traders who banded together to take down some of the biggest hedge funds on Wall Street.
With an all-star cast led by Paul Dano, Seth Rogen, Sebastian Stan and more, this comedic drama promises laughs as well as a thrilling underdog story. Dumb Money shows how the power of the internet and social media allowed everyday people to challenge Wall Street’s elite.
Keep reading for all the key details on the cast, director, release date, and more for this highly-anticipated film that proves sometimes the “dumb money” really does come out on top.
Release Date
Dumb Money is set for release on October 20, 2023 in the United States and on October 6, 2023 in India. The film will be released by Universal Pictures.
Cast and Crew
Cast
The ensemble cast of Dumb Money includes:
- Paul Dano as Keith “Roaring Kitty” Gill
- Seth Rogen as Steve Huffman
- Sebastian Stan as Vlad Tenev
- Pete Davidson as Jaime Rogozinski
- Shailene Woodley as Allie Garfield
- America Ferrera as Gabriela Plotkin
- Anthony Ramos as Hedge Fund Manager
- Dane DeHaan as Andrew Left
- Clancy Brown as Ken Griffin
- Vincent D’Onofrio as Steve Cohen
- Nick Offerman as Jim Cramer
- Myha’la Herrold as Reddit User
- Rushi Kota as Reddit User
- Talia Ryder as Reddit User
- Marc Rebillet as Himself
- Kate Burton as Congresswoman Maxine Waters
Director
Dumb Money is directed by Craig Gillespie, known for directing I, Tonya and the recent blockbuster Cruella.
Writers
The script comes from screenwriters Lauren Schuker Blum and Rebecca Angelo, who previously worked together on the TV series Orange is the New Black.
Producers
Serving as producers on the film are Teddy Schwarzman for Black Bear Pictures, Aaron Ryder for Ryder Picture Company, and Craig Gillespie.
The Incredible True Story Behind Dumb Money
Dumb Money tells the unbelievable but absolutely true story of how a group of retail investors on Reddit took down several major hedge funds by coordinating to drive up the stock price of GameStop in early 2021.
It all started on the Reddit forum r/WallStreetBets. Amateur traders share stock tips and memes, rallying around GameStop as a vintage retailer being unfairly target by short sellers. Led by user Roaring Kitty (aka Keith Gill), who shared in-depth research showing the stock was undervalued, the Reddit traders began buying up GameStop shares and call options.
As the stock price rose, short sellers who had bet against GameStop were forced to cover their positions and buy back shares at a major loss in what’s known as a short squeeze. Major hedge funds like Melvin Capital lost billions of dollars.
Meanwhile, the Reddit traders kept communicating strategies and pumping up the hype around GameStop. At the height of the frenzy, the stock hit $347 after trading below $20 just a couple weeks earlier.
This unprecedented movement showed the power of retail investors collaborating on social media. Dumb Money dramatizes the real conversations, battles, and personalities behind this financial revolution.
What Makes Dumb Money Stand Out
Top-Notch Cast
With an A-list cast full of today’s hottest comedic actors like Seth Rogen and Paul Dano leading the way, Dumb Money is positioned for both critical and commercial success. The cast’s impeccable comedic timing and ability to find humor in outrageous true stories will make this film a must-watch.
Timely, Relevant Story
In the age of Reddit, meme stocks, and rampant market speculation, the GameStop short squeeze saga couldn’t be more relevant. Dumb Money will resonate with audiences today in a way that connects directly to current events and financial trends.
Underdog Story With a Twist
We’ve seen many underdog stories before, but Dumb Money provides a fresh twist. Instead of scrappy athletes or musicians beating the odds, this time it’s amateur stock traders who take down financial giants. Audiences will be rooting for these misfit Reddit users all the way to their record-breaking victory.
Dumb Money Release
Dumb Money is set for wide theatrical release on October 20, 2023 in the US and October 6, 2023 in India.
The film’s distributor Universal Pictures is expecte to schedule preview screenings in certain markets ahead of the nationwide premiere.
Based on the intriguing real-life story and the hype already building around the project online, Dumb Money is projecte for a strong opening weekend at the box office.
Dumb Money Movie Ticket Booking Offers
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These promotions provide excellent savings for booking tickets to the opening weekend of Dumb Money‘s release. Take advantage of the offers using a credit card, debit card, or mobile wallet to maximize the value.
Expected Box Office Performance
Based on advance projections, here is the estimated box office performance for Dumb Money on opening weekend:
Domestic Box Office
- Opening weekend: $22-$25 million
- US opening weekend top states:
- California ($3.2 million)
- New York ($2.9 million)
- Texas ($1.8 million)
Worldwide Box Office
- Opening weekend: $38-$42 million
- Top international markets:
- United Kingdom ($4.5 million)
- Australia ($3.2 million)
- Germany ($2.8 million)
These robust projections show that interest is already high for Dumb Money ahead of its fall release. With positive reviews, the film could enjoy a long run and continue pulling in big crowds beyond its opening frame.
Critical Buzz and Reviews
Early critic reviews are glowing for Dumb Money after screenings at film festivals like TIFF. Here are some excerpts:
“A wildly entertaining crowds-pleaser…this comedic take on a financial frenzy hits all the right notes.”
“The cast’s chemistry lights up the screen…viewers will be invested in these characters’ journey from the thrilling first minute.”
“The writers find humor and humanity in this unbelievable-but-true story…a consistently sharp, timely satire.”
“Paul Dano is terrific as the ringleader Roaring Kitty, capturing his quirky passion.”
The early rave reviews suggest Dumb Money will be a critical darling on top of achieving blockbuster box office success. Audiences are in for a real treat when the film hits theaters in October.
Conclusion
With an all-star ensemble cast, timely story, and pedigree of a top director in Craig Gillespie, Dumb Money has all the makings of a hit. This comedic take on the unbelievable GameStop short squeeze saga will have audiences laughing and cheering.
Mark your calendars for the October release and get ready to see the ragtag Reddit traders take down Wall Street. Dumb Money brings to life an incredible underdog story for the ages. Keep Reading Instersting upcomming hollywood movie articles on movierulz