Did the nurse in dumb money make money?
Dumb Money does not entirely shy away from showing those losses; along with Gill, the film follows a handful of fictionalized GameStop investors, including Jennifer, a nurse played by America Ferrara, who becomes obsessed with Gill and GameStop stock, buys in big, and ends up losing money after failing to sell at the ...
America Ferrera's character in Dumb Money, Jenny Campbell, is based on real-life GameStop investors involved in the short squeeze, primarily LA-based nurse Kim Campbell. Jenny Campbell is a mix of multiple people and represents the online retail investors who followed Keith Gill's theories.
At the height of the GameStop surge, Gill's stock was valued at $48 million. Gill retreated from public life in 2021, with no indication of what he's doing now.
Some big names lost money on GameStop, but others made a bundle. The same goes for everyday investors — some won, some lost, and plenty were just in it for the casino-like ride. Wall Street is paying more attention to individual investors than it used to, but they're not keeping CEOs up at night, either.
How much is Keith Gill worth now? Gill last posted publicly online in early 2021. According to the film, he was worth $34 million at that time, although it's unclear whether he's held onto his GameStop shares or what his net worth is now.
Keith Gill Could Have Made $48 Million From GameStop Stocks
However, he did confirm that his all-time high value in GameStop was nearly $48 million. Keith posted screenshots of how much his GameStop investment was worth routinely on the WallStreetBets Reddit page.
Dumb Money does not entirely shy away from showing those losses; along with Gill, the film follows a handful of fictionalized GameStop investors, including Jennifer, a nurse played by America Ferrara, who becomes obsessed with Gill and GameStop stock, buys in big, and ends up losing money after failing to sell at the ...
He married his wife, Caroline, in 2016; they have one child. According to his testimony before Congress, Gill is the first in his family to earn a four-year degree.
In early 2021, ordinary retail investors mounted an assault against Wall Street hedge funds. Mobilizing on Reddit and relying on user-friendly trading apps like Robinhood, amateur investors sparked a short squeeze in the market for video game retailer GameStop's GME -2.7% stock.
At its height, on January 28, the short squeeze caused the retailer's stock price to reach a pre-market value of over US$500 per share ($125 split-adjusted), nearly 30 times the $17.25 valuation at the beginning of the month.
Who owns most of GameStop?
GameStop (GME) Ownership Overview
Approximately 30.40% of the company's stock is owned by Institutional Investors, 18.07% is owned by Insiders and 51.54% is owned by Public Companies and Individual Investors. The ownership structure of GameStop (GME) stock is a mix of institutional, retail and individual investors.
As of January 28, 2023, the company operates 4,413 stores including 2,949 in the United States, 216 in Canada, 419 in Australia and 829 in Europe under the GameStop, EB Games, EB Games Australia, Micromania-Zing, ThinkGeek and Zing Pop Culture brands.
Although most of the story is factually correct, not everything happened exactly as shown. For example, some of the people who followed Keith Gill's trade, such as the character Jenny, are mere representations of the type of people who participated in the GameStop mania.
Seth Rogan will play Gabe Plotkin, whose Melvin Capital lost billions during the GameStop short squeeze.
The film, which is based on the 2021 book The Antisocial Network by Ben Mezrich and chronicles the GameStop short squeeze of January 2021, flopped with a cumulative gross of around $7.3 million against the $30 million budget.
Though the movie's ending insinuates he sold some stock, buying his brother a new car, there's no proof Gill cashed in on millions of stock. Reuters reported his GameStop stocks were once valued at $48 million.
I much prefer the latter,” he concluded, drawing attention to his own $0 salary. Cohen takes over as CEO of GameStop three months after the company fired its then-CEO Matthew Furlong. The video game retailer is today worth $5 billion, according to Business Insider.
- Brothers Keith and Kevin Gill (Brockton, Mass.)
Plotkin, Cohen, and Griffin are estimated to have similar or higher net worths despite losing money on GameStop. Tenev's $1 billion net worth drastically declined due to what happened to Robinhood after the movie. The majority of other retail investors featured in Dumb Money also managed to make a good deal of money.
Sideshow: Covid as Government Regulation in Dumb Money
Among the large cast of characters are many essential workers, including a GameStop worker and a hospital nurse. Both were always masked in their work scenes. The writers use Covid as a factor that simmers, underlying various characters' feeling of helplessness.
Who bought 9 million shares of GameStop?
June 13 (Reuters) - Ryan Cohen has bought GameStop (GME. N) , opens new tab stock worth $10 million, a securities filing showed on Tuesday, in a sign that the activist investor was trying to boost shareholder morale after the company lost its fifth CEO in five years last week.
While some sources suggest his net worth to be approximately $30 million as of 2023, the lack of recent public appearances from Gill since April 2021 makes it difficult to confirm his current financial status accurately.
The analysis of some long investors was that GameStop was undervalued and salvageable, and that it would eventually be bought and reorganized. The initial run‐up in GME's price may have been due to forced exits from short positions and long positioning by professional investors.
Summary. GameStop's stock price soared to a record high of $483 per share on January 28, 2021, with the help of Elon Musk's tweet and attention from the WallStreetBets Reddit community.
But the masses' collective action proved shockingly powerful: they pushed GameStop's price from under $3 to as high as $483 in late January 2021, causing the hedge funds that had bet against it to lose billions of dollars.
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