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GameStop: The Wall Street Hijack

A group of young, risk-embracing day traders used social media to organize a massive stock buy-up. Jordan Belfort provides details about the story, exploring how it shook the world's markets.

Director

Mark Radice

Year

Genre

Box Office

N/A

Production

N/A

Awards

N/A

Cast information not available.

5.0

★★★★★

1 review

Overall

5.0

Story

5.0

Aesthetics

3.0

Acting

3.0

Sound

3.0

subhamtv2024

11 months ago

★★★★★

Explore 174 Clips

[Jordan] Imagine if everyone - GameStop: The Wall Street Hijack

[Jordan] Imagine if everyone

[reporter] ...shares now
up more than 16%. - GameStop: The Wall Street Hijack

[reporter] ...shares now up more than 16%.

[woman] Look at this price.
Actually, - GameStop: The Wall Street Hijack

[woman] Look at this price. Actually,

[woman] In this case, it's a
band of amateur day traders - GameStop: The Wall Street Hijack

[woman] In this case, it's a band of amateur day trader...

This is a fundamental change - GameStop: The Wall Street Hijack

This is a fundamental change

I wanna make more money
and my whole confidence - GameStop: The Wall Street Hijack

I wanna make more money and my whole confidence

[bell dinging] - GameStop: The Wall Street Hijack

[upbeat music playing] - GameStop: The Wall Street Hijack

[upbeat music playing]

Jordan Belfort, the real life - GameStop: The Wall Street Hijack

Jordan Belfort, the real life

In 1990 pled guilty
to money laundering - GameStop: The Wall Street Hijack

In 1990 pled guilty to money laundering

I made it big as a trader
on Wall Street - GameStop: The Wall Street Hijack

I made it big as a trader on Wall Street

But I can assure all of you
that it was not - GameStop: The Wall Street Hijack

But I can assure all of you that it was not

[Jordan] Reddit bills itself
as the front page - GameStop: The Wall Street Hijack

[Jordan] Reddit bills itself as the front page

People go there
and exchange ideas, - GameStop: The Wall Street Hijack

People go there and exchange ideas,

Wallstreetbets brings
together a global community - GameStop: The Wall Street Hijack

Wallstreetbets brings together a global community

And if you start going
around the internet - GameStop: The Wall Street Hijack

And if you start going around the internet

It's a place that doesn't
take itself very seriously, - GameStop: The Wall Street Hijack

It's a place that doesn't take itself very serious...

Wallstreetbets
is kind of an edgier forum - GameStop: The Wall Street Hijack

Wallstreetbets is kind of an edgier forum

It's very rash, harsh, - GameStop: The Wall Street Hijack

It's very rash, harsh,

It's not exactly fundamental - GameStop: The Wall Street Hijack

It's not exactly fundamental

[Jordan] But it isn't
just groups like Reddit - GameStop: The Wall Street Hijack

[Jordan] But it isn't just groups like Reddit

One of the great things
about retail trading apps - GameStop: The Wall Street Hijack

One of the great things about retail trading apps

And it's no different
than people talking - GameStop: The Wall Street Hijack

And it's no different than people talking

[Jordan] When they first
came on the market, - GameStop: The Wall Street Hijack

[Jordan] When they first came on the market,

Smart phones came
into everybody's possession - GameStop: The Wall Street Hijack

Smart phones came into everybody's possession

See, here's the deal,
these apps are fast, - GameStop: The Wall Street Hijack

See, here's the deal, these apps are fast,

[Jordan] What really gets
this ride going - GameStop: The Wall Street Hijack

[Jordan] What really gets this ride going

[Jordan] But the market
is in for a big surprise. - GameStop: The Wall Street Hijack

[Jordan] But the market is in for a big surprise.

And he was played
by Christian Bale. - GameStop: The Wall Street Hijack

And he was played by Christian Bale.

[Jordan] Burry is the geek
who made a billion dollars - GameStop: The Wall Street Hijack

[Jordan] Burry is the geek who made a billion dollars

Everyone classifies it
as a cigar butt - GameStop: The Wall Street Hijack

Everyone classifies it as a cigar butt

He actually
does tremendous research - GameStop: The Wall Street Hijack

He actually does tremendous research

And everyone thought
he was crazy - GameStop: The Wall Street Hijack

And everyone thought he was crazy

They're chuckling at him,
they're like, - GameStop: The Wall Street Hijack

They're chuckling at him, they're like,

"He said, "This has potential. - GameStop: The Wall Street Hijack

"He said, "This has potential.

And I remember
reading it and going, - GameStop: The Wall Street Hijack

And I remember reading it and going,

So my thesis was the... - GameStop: The Wall Street Hijack

So my thesis was the...

GameStop caught my eye
in December of 2019. - GameStop: The Wall Street Hijack

GameStop caught my eye in December of 2019.

[Jordan] But the GameStop story - GameStop: The Wall Street Hijack

[Jordan] But the GameStop story

So it's...
GameStop is also in Germany - GameStop: The Wall Street Hijack

So it's... GameStop is also in Germany

So, yes, I would go
to GameStop very frequently - GameStop: The Wall Street Hijack

So, yes, I would go to GameStop very frequently

So guys in their 20s
and 30s all know - GameStop: The Wall Street Hijack

So guys in their 20s and 30s all know

There's an emotional
attachment to it. - GameStop: The Wall Street Hijack

There's an emotional attachment to it.

That's something
to consider here - GameStop: The Wall Street Hijack

That's something to consider here

So, let me explain to you
how shorting works. - GameStop: The Wall Street Hijack

So, let me explain to you how shorting works.

So I find someone that has
this type of expensive pen - GameStop: The Wall Street Hijack

So I find someone that has this type of expensive pen

Now, the market
for this type of pen - GameStop: The Wall Street Hijack

Now, the market for this type of pen

And just like that,
I end up with $100. - GameStop: The Wall Street Hijack

And just like that, I end up with $100.

Not a profit yet
because I still got - GameStop: The Wall Street Hijack

Not a profit yet because I still got

Say a week later, I was right - GameStop: The Wall Street Hijack

Say a week later, I was right

So I go back into the market now - GameStop: The Wall Street Hijack

So I go back into the market now

I now return this pen - GameStop: The Wall Street Hijack

I now return this pen

And look what I got left, - GameStop: The Wall Street Hijack

And look what I got left,

Just imagine that
a hundred thousand times - GameStop: The Wall Street Hijack

Just imagine that a hundred thousand times

[Susannah] Short sellers
can act like canaries - GameStop: The Wall Street Hijack

[Susannah] Short sellers can act like canaries

If you lift the bonnet, - GameStop: The Wall Street Hijack

If you lift the bonnet,

But shorting does have
a negative reputation - GameStop: The Wall Street Hijack

But shorting does have a negative reputation

And many people
are uncomfortable - GameStop: The Wall Street Hijack

And many people are uncomfortable

[Jordan] Ninety-nine percent
of the people out there - GameStop: The Wall Street Hijack

[Jordan] Ninety-nine percent of the people out there

Short seller is betting
that it's gonna go down. - GameStop: The Wall Street Hijack

Short seller is betting that it's gonna go down.

He's rooting on the sidelines, - GameStop: The Wall Street Hijack

He's rooting on the sidelines,

[rollercoaster engine revving] - GameStop: The Wall Street Hijack

[rollercoaster engine revving]

[Trump] I mean, view this
the same as the flu. - GameStop: The Wall Street Hijack

[Trump] I mean, view this the same as the flu.

[Jordan]
Hospitals around the world - GameStop: The Wall Street Hijack

[Jordan] Hospitals around the world

[Jordan] The pandemic has
a huge impact on GameStop. - GameStop: The Wall Street Hijack

[Jordan] The pandemic has a huge impact on GameStop.

Because of this shift
of the gaming industry - GameStop: The Wall Street Hijack

Because of this shift of the gaming industry

So when, of course, - GameStop: The Wall Street Hijack

So when, of course,

[Jordan] At the time,
GameStop's share price - GameStop: The Wall Street Hijack

[Jordan] At the time, GameStop's share price

And now, more Wall Street firms - GameStop: The Wall Street Hijack

And now, more Wall Street firms

So, I limited my risk - GameStop: The Wall Street Hijack

So, I limited my risk

In 2020,
once the lockdowns happen, - GameStop: The Wall Street Hijack

In 2020, once the lockdowns happen,

And so I took all that money
and that's when I decided - GameStop: The Wall Street Hijack

And so I took all that money and that's when I decided

You take away the commutes,
you take away - GameStop: The Wall Street Hijack

You take away the commutes, you take away

there was less things people do. - GameStop: The Wall Street Hijack

there was less things people do.

So, I set up a Robinhood account - GameStop: The Wall Street Hijack

So, I set up a Robinhood account

[Tony] We had the time,
we weren't traveling anymore - GameStop: The Wall Street Hijack

[Tony] We had the time, we weren't traveling anymore

[Jordan] But for many
of these newcomers, - GameStop: The Wall Street Hijack

[Jordan] But for many of these newcomers,

Conversely,
you will be in the dumps - GameStop: The Wall Street Hijack

Conversely, you will be in the dumps

Now, there's no doubt
that trading stocks - GameStop: The Wall Street Hijack

Now, there's no doubt that trading stocks

The highs, the lows,
the thrill of the kill, - GameStop: The Wall Street Hijack

The highs, the lows, the thrill of the kill,

[upbeat music playing] - GameStop: The Wall Street Hijack

[upbeat music playing]

The Reddit community
is aching for a fight - GameStop: The Wall Street Hijack

The Reddit community is aching for a fight

There's many of them, - GameStop: The Wall Street Hijack

There's many of them,

They're looking to prove
Wall Street wrong. - GameStop: The Wall Street Hijack

They're looking to prove Wall Street wrong.

And it made me feel, like,
not only was I making money, - GameStop: The Wall Street Hijack

And it made me feel, like, not only was I making money,

You wanna win,
but you have to have everyone - GameStop: The Wall Street Hijack

You wanna win, but you have to have everyone

During this COVID lockdown, - GameStop: The Wall Street Hijack

During this COVID lockdown,

And we see people
that didn't have assets - GameStop: The Wall Street Hijack

And we see people that didn't have assets

And a lot of times,
didn't even have - GameStop: The Wall Street Hijack

And a lot of times, didn't even have

I think when people watch
that movie, The Big Short, - GameStop: The Wall Street Hijack

I think when people watch that movie, The Big Short,

GameStop: The Wall Street Hijack poster

★ ★ ★ ★ ★

A group of young, risk-embracing day traders used social media to organize a massive stock buy-up. Jordan Belfort provides details about the story, exploring how it shook the world's markets.

User Rating: 5.0 (1 rating)

Director: Mark Radice

Writer: Bruce Kennedy

Production: N/A

Genre: documentary

Year: 2021

MetaScore: N/A/100

ImdbRating: 5.7

BoxOffice: N/A

Released: 08 Apr 2021

Awards: N/A

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