It was inevitable that this would happen—the GameStop/Reddit stock saga is now on its way to becoming a movie.
According to Deadline, film studio MGM has bought the rights to a book proposal written by Ben Mezrich, called The Antisocial Network. If that sounds awfully familiar, Mezrich was the pen behind Accidental Billionaires: The Founding of Facebook, a Tale of Sex, Money, Genius and Betrayal, which was adapted in the far less wordy movie The Social Network.
Despite the Redditor vs Wall Street beef only breaking into public consciousness over the last couple of weeks, Mezrich apparently already had his proposal on the market by the end of last week, with MGM snapping up the movie rights on Friday.
Deadline also says it's heard that Netflix is talking about making a GameStop stock movie, too.
If you somehow managed to miss the entire thing, which is still ongoing, GameStop's stocks went from just under $20 a share to a whopping $469 at its peak, largely as a result of subreddit WallStreetBets. The situation caused an uproar amongst hedge fund managers who were shorting the stock and a collective realisation that nobody really understands how the stock market works.
While the whole ordeal has died down somewhat, it's far from over. You can check out what happened here, along with some helpful tweets that explain how the stock market and short squeezes work.
