The company plans to make a series of content following the founder s life.
The producer who bought the rights has stayed out of the limelight since being accused of sexual misconduct.
The founder of WallStreetBets the Reddit Group that launched the GameStop frenzy just made his first Hollywood deal with producer Brett Ratner, who was previously accused of sexual misconduct.
Jaime Rogozinski, the creator of the WallStreetBets forum on Reddit, sold exclusive rights to his life s story to Ratner s production studio, one of the producers behind big budget movies like Wonder Woman and Dunkirk, according to The Wall Street Journal.
Disclaimer
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Wall Street vs Robinhoods: How retail investors brought a hedge fund to knees
SECTIONS
Share
Synopsis
With the pandemic hitting retailers the worst and online gaming gaining popularity in recent years, a company like GameStop that retails video games was most likely to meet a sorry end.
Agencies
A short position is a trade in which you expect the stock to fall and benefit from its fall by selling the scrip without initially owning it.
MUMBAI: A few weeks ago, a group of Reddit users who are members of a now infamous sub-Reddit called ‘WallStreetBets’ discovered that a hedge fund called Melvin Capital Management held short positions, a trade in which you expect the stock to fall and benefit from such as drop by selling the scrip without initially owning it. This happened in GameStop, a dying brick-and-mortar game shop.
The GameStop Insurrection Spreads
Everyone knows shares of GameStop are soaring.
But the huge retail investor-driven rally is not confined to the video game shop. Shares of headphone manufacturer Koss, for example, are up 275 percent to an all-time high. Shares of AMC are up 182 percent. Blackberry shares are up 16 percent. Shares of Bed, Bath, & Beyond rose around 30 percent on Wednesday. Shares of Nokia are up 40 percent.
Brokerages are starting to limit leverage for investors in some of these surging stocks. TD Ameritrade told customers on Wednesday that it has placed curbs on some transactions in Gamestop and AMC.
Many of the smaller investors who have organized around the Reddit Group r/wallstreetbets see themselves as engaged in a populist uprising against the Wall Street establishment.