Eat the Rich: The GameStop Saga

This movie attempts to paint independent retail investors (average people) as traders coordinating to destroy the market. It ignores the fact that hedge funds and market makers continue to exploit loopholes to defraud retail investors of billions of dollars, while destroying legitimate companies (such as through death spiral financing, cellar-boxing, and under-reported swaps). These are the same people responsible for the Great Financial Crisis, using the same tricks, because they were never held accountable. Instead, average people were made to bail them out.

The movie conveniently neglects to mention that this is an ongoing situation in which the "big fish" are still trapped, and that leads to the goal of the whole "documentary": To mislead you into thinking that the whole "GameStop Saga" has concluded. It hasn't. That's what the GME movement is about: Register your shares in your name and prove that Wall Street has produced counterfeit shares.

See drsgme . Org.

This movie is clearly just trying to capitalize on the current movement for financial freedome in the GME saga. The facts in this movie are soo FAR OFF its just pathetic. While it may hit the mark on a few things (What Short Selling Is, what a Market Maker is, etc) it misses the root issue by a LONG SHOT.

The director and staff have cut up interviews to grab pieces out of context to spin a narrative that puts the movement in the wrong light.

TBH, even if you just are bored and looking for something to watch, just choose something else that would actually be funny/informative/creative instead of this!

For all the people blasting the series with low ratings or one star I don't think they actually watched the entire series. This is worth a watch if you like documentaries or interested in investing or how markets work.

I had no bias going into the series. There may be more pieces to the puzzle but my takeaway was this was more about large hedge funds and big investment firms having a leg up on retail investors, these same companies can drive prices and fluctuate the market in a way retail investors can't, including actively betting on a company to fail, so retail investors are at a disadvantage, and then when retail investors push back collectively and gain traction, the rug is pulled out from under them by the platform they are using who would appear to be involved in a conflict of interest in the stock that's being pushed.

I never thought this painted retail investors as dumb. I thought this was more of a hit on the hedge fund managers and that big money will prevail and that the government doesn't seem equipped to handle or doesn't want to handle it. I thought it was commendable on what the retail investors and online users were able to achieve. The hedge funds have found "loopholes" for lack of a better term that to most of us would probably seem shady or manipulative. It even gets referenced that this is a classic David vs Goliath situation. I enjoyed it, thought it was compelling, and certainly not understanding of all the negativity in the reviews.

The makers missed the point of the whole movement and who is to blame for the current situation. No mention of the current driver behind the movement (Superstonk subreddit) or the never before seen move by retail investors to direct register their shares and pull them off the market to prevent abusive short selling by hedge funds. It's almost as if this documentary was made or influenced by those in power that have something to lose if the little man succeeds. Any authentic look at the GameStop saga must at it's heart center around the primary motivation to fight corruption in the system and take on these global financial powers, not the "Eat The Rich" mentality this documentary pitches. This story is far from over and will not end until people at the center of the corruption in the financial world are held accountable.

I would equate "Eat the Rich: The GameStop Saga" to a documentary made about Casey/Kaylee Anthony that omitted the evidence found in the trunk of Casey's car, did not mention Casey's behavior following the disappearance of her daughter, and was written by Casey Anthony herself. For anyone remotely familiar with this infamous case, you get the picture? Such a misleading documentary with essentially all of the evidence omitted would of course skew the story itself, but having the storyline dictated by Casey herself? You can be sure the information provided will be biased. Would you trust the information provided in a documentary about a murder written by the prime suspect? No?

This is what "Eat the Rich: The GameStop Saga" is. A documentary outlining events with key details removed, created and bolstered by individuals with not only an extreme bias, but also intentional ignorance of the totality of the facts. If you're looking for tangible fact, this documentary is not a source you should look to.

I always gather information from a variety of sources whenever I decide to read up on an event/topic. This ensures that I do not succumb to bias and am able to form my own independent opinion. If you would like to get more of the facts and form an opinion for yourself, I would recommend giving "The Diamond Handbook" a read. Just google "The Diamond Handbook Reddit" and you will find it.