Why did Jenny lose money in Dumb 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 ...
By the end of Dumb Money, Jenny Campbell is depicted as still holding onto her initial investment but still being in financial debt. It appears that the incredible financial gains she might have made selling at one point are no longer realistic figures.
Dumb Money is a story about a trading strategy called short selling, and in particular, the risks that short selling entails. Essentially, a short seller speculates that the price of a particular asset, usually a stock, will decline in the future.
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.
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.
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.
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.
Seth Rogan will play Gabe Plotkin, whose Melvin Capital lost billions during the GameStop short squeeze.
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.
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.
What happened to GameStop investors?
In January 2021, a short squeeze of the stock of the American video game retailer GameStop and other securities took place, causing major financial consequences for certain hedge funds and large losses for short sellers.
Keith Gill did not sell his GameStop stocks before the Congressional Hearing, enduring significant losses. The movie suggests he considered selling but ends with him buying more, proving to be a wise move as the stock price tripled afterward.
As of 2023, several different sources reported Gill's estimated net worth to be around $30 million.
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.
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.
Keith Gill, played by Paul Dano, is "Dumb Money's" central protagonist. In the film, Gill is portrayed as the retail investor's David to Wall Street's Goliaths — AKA hedge funds. In real life, Gill was a middle-class 34-year-old living with his wife and child in Massachusetts.
Citron Capital: Suffered 100% losses on its GameStop positions during the stock's bullish rally.
1. Melvin Capital. During the first three months of 2021, Melvin Capital lost 49 percent of its investments. Prior to that, between 2014 and 2020, they had seen annual returns of 30 percent.
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.
Cohen founded -ecommerce pet company Chewy in 2011 and served as Chewy's CEO until 2018. Following the sale of Chewy in 2017 and its IPO in 2019, Cohen disclosed a near 10% stake in GameStop in September 2020, making him the company's biggest individual investor.
Could GameStop happen again?
Whether the exact events that happened during the GameStop phenomenon could ever be replicated is highly unlikely, most experts say.
GameStop's New CEO Ryan Cohen
In 2021, he joined GameStop's board, and he later assumed the position of Chairman. Just a few months before Cohen's CEO appointment, in June of this year, GameStop announced the departure of former CEO Matt Furlong, who had held the position for exactly two years.
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.
Cash on Hand as of October 2023 : $1.20 B.
- The all-time high GameStop stock closing price was 86.88 on January 27, 2021.
- The GameStop 52-week high stock price is 27.65, which is 82.9% above the current share price.
- The GameStop 52-week low stock price is 11.82, which is 21.8% below the current share price.
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