Noticed this post on reddit, decided to give this >40 minute documentary a watch.
A review of GAMESTOP to the MOON - How Reddit almost triggered an Economic Crisis | FD Finance
★★☆☆☆
2/5, would not recommend.
TLDR: documentary focuses primarily on the events of late 2020 and early 2021, conflates AMC and GME as equivalent things, concludes with the insinuation that all AMC, GME, and NFT investors are losers that have lost almost everything
- Title of the documentary does not match the content of the documentary. A more appropriate title might have been "the story of Reddit day traders pumping AMC and GME." That is what this documentary was about.
- paints most of these investors as either foolish day traders or naive investors, uses words like "gambling", "casino"
- lots of FUD sentiment throughout
- a few of these investors made a lots of money while most investors were losers
- 32:04 "GameStop led the way. And, as a group, the totality of the group picked AMC next.
And, it wasn't like somebody said oh man we're all gonna go over to AMC, it's just kind of you know, that's where the flow goes, that's where the chatter goes, and AMC was the next stock." - for some reason, out of nowhere, in the final 5 minutes the documentary suddenly starts talking about NFTs and makes them out to be pointless. Doesn't mention GameStop's relationship with NFTs but in stead focuses on how NFTs were a speculative bubble with foolish investors, just like with AMC and GME.
Total waste of time. I don't know who the intended audience was for this, but this is just more pointless narrating about the lives of people that experienced events that happened 3 years ago, concluding that the story is over and all those people that didn't get out with gains are losers that are never going to win.
It's as if the media like this is stuck in the year 2021. Reddit. Wallstreetbets. AMC. GameStop. Day traders. Robinhood. Down 90% since peak. The end.