Dumb Money (2023) Movie Script

So, I'm here.
And I do not see
anything happening.
Right. Right.
At all.
Look, I'm very sorry, sir.
Guess what I'm trying
to understand is
What is the reason for
this delay exactly?
Mr. Plotkin, I'm so sorry.
But it's just that
when we-we set out...
Yeah, we closed in November.
We had all
the permit applications in
before the end of the year.
Once we get
the final stamp of approval...
And we can't get
the trucks here a little early?
Just, you know,
get 'em started?
Miami Beach ordinances
won't let me do that.
Is anyone actually
enforcing those right now?
Look, Mr. Plotkin, I know that
you're eager to move in.
Once we get the final
stamp of approval...
No. Uh...
...you're gonna be the first...
One second.
And so who's feeling the pain?
You see what's going on at GME?
There's more of these idiots?
The short sellers,
now they're getting creamed
by the little guy...
A lot more.
They won't hold much longer.
Go away.
Oh, Gabe, honey,
they're holding.
It just crossed a hundred.
Gabe, where are you?
You should probably dial in.
Yeah, be on in one sec.
Whores in this house, there's
some whores in this house
There's some whores
in this house
I said, certified freak
Hol' up
Seven days a week
Wet-ass pussy, make that
pullout game weak, whoo
Yeah, yeah
Yeah, you fucking with
some wet-ass pussy...
I will tell you, I've never
seen anything like it.
I'm concerned about it.
I'm calling it
the ultimate short squeeze.
You can lose money
to infinity.
It's a very different,
more highly leveraged game
on the other side.
Put this pussy
right in your face...
Holy fucking shit.
Right now we're gonna
talk about GameStop.
Those shares
are nonstop earning of about...
Holy fucking shit.
...130% today,
as bullish retail traders...
Holy shit!
What the fuck?!
I want you to park
that big Mack truck...
Holy shit.
Yes? Hello?
MAN: Great news, Mr. Plotkin.
I think we'll be able
to get you into your new home
a little sooner than
I actually thought.
I think we're having some sort
of miscommunication here
because I'm not trying
to move into that house.
I'm trying to tear
that house down so I can build
a tennis court
for me and my family to play
during the pandemic.
I see.
I thought it would be
very simple.
Apparently, it isn't because
the pandemic is almost over
and there's no tennis court.
Okay, Mr. Plotkin...
Thank you for your time.
Yes? What? Hello?
Hi. It's Ken Griffin.
Hi there, Ken. How are you?
Great to hear from you.
Do you have a minute?
I, uh... um...
I got to call you right back,
if that's okay. I'm so sorry.
Okay, great.
Hi. What's happening right now?
It looks like there's one guy
driving all the buying.
What-what-what guy?
Whores in this house...
I believe his name
is "Roaring Kitty."
Yeah, you fucking with
some wet-ass pussy...
Oh, wait. Or...
"Roaring Kitty"
or "DeepFuckingValue"?
He's "Roaring Kitty" on YouTube
and "DeepFuckingValue"
on Reddit.
He couldn't pick one name?
I don't know. I love this guy.
That's some wet-ass pussy
Macaroni in a pot
That's some wet-ass pussy,
There some whores
in this house...
Who is this schmuck?
I don't know,
but I think I just came.
Approaching Downtown Crossing.
Doors will open on the right.
Change here for the Red Line,
Green Line, SL5
and bus connections.
Next and last stop,
Downtown Crossing.
Uh, Ruby. Ruby, right?
Can I get a couple of Heinies,
Uh, one.
Sorry, uh...
I'm gonna have a...
What's wrong with a Heinie?
Drinking it
since we were 17.
Hey, drink what you like.
No judgment.
Uh, you have a Hamm's?
I'll have one of those.
The fuck
did you just order?
Oh, it's a nice one,
out of Milwaukee.
Good quality.
50 cents a can before markup.
Come on, Kitty.
Forget about price.
Get him a Heineken.
Thank you. It's on me.
Thanks, man. Thank you.
That's nice.
I'll have a Hamm's.
So a Heineken and a Hamm's?
Thank you.
Thank you, Ruby.
How you been, man?
The whole Sara thing?
Oh, yeah. Okay.
Uh... up and down.
How's your asshole brother?
Still an asshole.
Keep busy at least?
Uh, got the day job
at MassMutual.
Working on my portfolio.
That's the last thing
you should be worrying about
right now.
Why? It's a...
it's a good distraction.
Let me take that
over for you.
We got thousands of analysts
at B of A
that do just this.
All good, man.
Thank you.
Come on, Kitty.
You should be focused
on your family right now,
not fucking around
with penny stocks.
They're not all penny stocks.
GameStop isn't a penny stock.
GameStop? Dude.
You used to love GameStop.
Yeah, then I grew up.
Well, I think it's undervalued.
I just sold off a bunch of
other shit to double down.
How much are we talking?
A grand?
Grand. 53 grand.
Man, you don't even
own a house.
It's got a ton
of short interest,
which is artificially...
You got a one-year-old.
...pushing the price down.
Jesus, bro.
You never bet against
Wall Street.
Wall Street gets it wrong
all the time.
Look at '08.
That was a one-off, Kitty.
These guys,
they have all the money
and the fancy degrees and the
political juice in the world,
and they get it wrong
all the time.
Are you out of
your fucking mind?
They got the advantage,
and they still get it wrong.
No, give me that.
I'm drinking it,
even if it's 50 cents.
It's four bucks.
Well, my man just spent 53K
on a penny stock,
so all he can afford is water.
You're a Wall Street guy?
Very much no.
I'm a Wall Street guy.
What was the stock?
The video game store
at the mall.
You really bought
$53,000 of it?
Yeah, I don't believe it.
I think he's fucking with us.
You're fucking with us, right?
You don't even have 50 grand.
Let's see.
Oh, shit.
How is she falling for this?
How are you falling for this?
He won't spend five bucks
for a beer,
but he'll put 50k in a stock
that you think is a joke.
And that's interesting to you?
It is.
Drink your shitty beer.
Bedtime's already done?
Yeah, she was exhausted.
She skipped her nap.
How was Briggsy?
Uh, good. Yeah.
You guys talk about Sara?
You want to sit down a minute?
I'll feel better
if I finish these first.
No, you won't.
Do you think I'm insane?
Sorry. About what?
The most compelling asymmetric
opportunity in the market?
What? Did Briggsy
make you jumpy?
A little.
What was his argument?
He didn't have one.
He just said
it was a reckless bet.
He said, "You're putting your
money in the next Blockbuster."
Enough. Fuck Briggsy.
Babe, you literally know
more about this damn company
than you know about me.
It's true.
And because of you,
I know more about this company
than I know about myself.
But what if
I'm missing something?
We can't afford
to miss something.
It's all our savings.
Go do a video.
I can finish these first.
I'm happy to...
Go see what the nerds
have to say.
Uh, WallStreetBets people
aren't nerds.
they're gangsters.
You make a dumb case
and post it,
they'll rip you apart.
then don't make a dumb case.
Okay, let's see what's new.
Four dollars a share.
Okay, here we go.
Oh, shit.
All right, let me get that.
Let's just check on...
Let me see here.
Yo, what up, everybody?
Roaring Kitty here.
Uh, I've done
a few of these now,
mostly on
my investing methodology.
Uh, but today I'm gonna try
something a little different.
I appreciate the feedback
you guys have been leaving me,
by the way.
Uh... Oh.
More feedback coming in hot.
"Less cats."
Uh, uh, like I was saying...
Uh, what was I saying?
Uh, I'm gonna try...
Oh, and here's one from Ballz.
And "nerd" is in all capitals.
Like, okay,
that's kind of mean.
But, okay, fair.
Uh, "Nice shirt, Grandpa"?
How old do you think I am?
You know what?
Thanks for the comments.
Uh, we're gonna come back
to them at the end.
Here's what I want
to talk about.
Uh, I'm gonna pick a stock
and talk about
why I think it's interesting.
And that stock is...
I know it's a polarizing stock
and some of you are probably
gonna tune out of the stream
right now when you hear I'm
bullish on GameStop, but I am.
You can see it is now
the biggest position by far
in the Roaring Kitty portfolio.
So, yeah, I think
everyone else is crazy,
and I think I'm right,
but I've been wrong
plenty of times in the past,
so... [CHUCKLES]
Uh, so there are a lot of
aspects to this bull thesis,
a lot of moving parts,
but I boil it down
to what I consider
the three overs:
The digital risks
seem to me to be overblown,
the negative sentiment
is overdone--
you can see it
with the huge short interest--
and the value is overlooked.
Wall Street
just doesn't see it.
Mr. Market, why?
The hedge funds are overlooking
the value in the company
just like they overlook
the people who shop there.
They assume most people
download games online now.
But, look, 25% of gamers still
buy new discs from GameStop,
and 40% buy used games
from the store.
And the market's
kind of forced my hand here.
What more can I say?
I just like the stock.
Oh, did I wake you?
It's okay, Mr. Donaldson.
Mr. Donaldson,
I need you in your bed.
Kieran, can you please
make sure that Mr. Donaldson...
I don't need to go to bed.
I need a cup of coffee.
We can get you
a cup of coffee.
Kieran, coffee?
Well, isn't that beautiful?
Oh, shit.
"100% short GameStop stock,
It's an investment video.
Hey, Jenny, for real,
I wouldn't take
investment advice
from a guy in a cat shirt.
Oh, okay. Who do you take
investment advice from?
I don't have investments.
And if I did, I'd listen
to, like...
a banker.
Just the way
they like it.
Oh, boy. Here we go.
Just never mind.
No, no, no, please tell me.
I'm dying to know
what Luke Wilson
from "The Royal Tenenbaums"
thinks we should do
with our $68,000 a year.
Who from what?
Ugly Bjrn Borg.
Okay, fine. Wall Street
is betting that
this company is gonna fail.
It's called shorting.
And if it fails, well,
then everybody loses their job,
but these hedge fund assholes
make a shit ton of money.
It's bullshit.
It's a bullshit way
for rich people to get richer.
How did you even
find this guy?
70,000 people
have watched this video.
He posts his balance sheets
and everything.
WallStreetBets is
going crazy over this.
It's an Internet forum.
On Reddit.
Oh, see. No, no, no.
I'm not gonna
do this with you.
The last time
you brought up Reddit,
it was just
all these oil paintings
of Donald Trump
on horseback.
You liked it.
Okay, yeah.
Let's-let's take a look.
Um, "Shit's not
a pump and dump
if it never dumps,
you fuckheads."
"Feed me your tears. I use it
as anal lube on your wives."
Okay, but why did you go
to that one?
Oh, oh, oh, oh.
"Strap on your theta dildo
and start pounding."
Okay. Yes.
That shit exists on here.
But I also learned
the difference between
a delta squeeze
and a gamma squeeze.
And now everyone's talking
about call options.
Jenny, baby, you're never
gonna find a man on there.
And you're never gonna date
Puff Daddy.
First of all, no one has said
"Puff Daddy" since the '90s,
and second of all,
this isn't Puff Daddy.
This is Loop Daddy.
Okay, well, whatever Daddy
he's called,
he's weird-looking.
Hey, well, my guy has, what,
five million TikTok followers?
How many does yours have?
I don't know.
Quick scroll.
Who cares?
The Internet at large.
But, hey, least I aim high.
I aim high.
21 bands for the age of 21
I'm-a flip the funds up,
then I cop the Chevy truck
Buy her what she want
and you know she show me love
Then I roll it up,
then I roll it up
Motherfuckers wanna hate me
and shame me
Motherfuckers wanna drain me,
Cobain me
All these bitches trying
to chain me and blame me
Motherfuckers wanna change me
and hate me...
What up, everybody?
Roaring Kitty here.
Yo, yo, yo!
This price action, it's getting
kind of ridiculous. Am I right?
Let's see what happens.
See what happens
at the end of the week,
but it's all about
the trend staying intact.
But this, this looks sick.
Morning, Marcos.
Shit. Yo, what's--
Hey, Brad.
Yo, um, I was wondering
if I could get
an advance on my pay.
I can run it up the chain,
but with all the cutbacks,
that's unlikely.
Oh, hey, you could do
the employee TikTok contest.
You do a lip sync,
you win ten labor hours.
Yeah, man, totally.
That's dope.
I was thinking "Savage."
Yeah. Yeah, sure. I love it.
Or, yo, the Drake one
with Lil Durk.
a great one, too.
Because I know
you love Lil Durk.
Come on.
No, I'm-a do
Megan Thee Stallion,
for sure, for sure, for sure.
I'm a savage
Classy, bougie, ratchet
Sassy, moody, nasty...
Okay, mask. Mask.
Acting stupid,
what's happening?
What's happening?
I'm a savage.
Wow. A-plus, man.
You're a...
you're a shoo-in
with moves like that.
Yo, you think so
for real, though?
That's sweet, bro.
Ten labor hours.
Damn, it's like
Christmas came early.
I'm pulling for you.
Thanks, man.
I'm that bitch
I'm the hood Mona Lisa,
break a nigga into pieces
Had to "X" them cheesy niggas
out my circle like a pizza
I'm way too exclusive, I
don't shop on Insta boutiques
All them little-ass clothes
Only fit on fake booties
Bad bitch...
Talking cash shit
Pussy like water...
Mmm. Mmm-mmm. Fries.
No, fuck!
Goddamn it! Fuck!
But first, cheers.
Cheers, everybody.
I mean, look,
I know we still got
a lot of bear takes out there,
but as I dive deeper
and deeper into this thing,
it's looking
increasingly compelling to me.
And then you got
the huge short interest.
Now, I'm not betting
on a short squeeze, all right?
I've been saying that
the whole time.
You guys have been
talking about it.
Thesis grounded in
the fundamentals, but I'm not--
But to-- I mean,
today, I mean, I'm...
I'm starting to feel
a little squeezy, right?
Starting to feel
a little squeezy. Honk.
I mean, hello. Okay.
All right, all right.
I need a drink. I need a drink.
Now, a lot of you are accusing
me of talking a big game.
Babe, where are you?
Dah. I'm on daddy duty tonight.
I'll be right back.
Stack it, pack it
Stack it, pack it, trap it
Send it to a rich nigga,
tell him work his magic
Stack it, pack it
Stack it, pack it, trap it
Send it to a rich nigga, tell
him make somethin' happen
I ain't slowing down
for no clown...
I'm the best out
Worked on my confidence,
got my chest out
Poppin' and I'm blessed now
They only love you
when you down
I'm-a stack it, pack it
Stack it, pack it, trap it,
send it to...
Okay. There you go.
Sorry. Quick tendie break.
Got to love those tendies.
Sweet, sweet tendies.
Speaking of tendies...
...look at this.
Look at this chart.
We go from four to six to seven.
Now ten.
Wall Street must be
seeing this, right?
Or are we just screaming
into the void?
Hello, Mr. Market.
We got tendies, too.
We got tendies, too.
Maybe we are.
They never saw the like
nine billion rsums I sent
from 2016 to 2019.
Or in 2009, right after
I graduated college.
I guess they were busy
with that whole
market crash thing then.
Kevin, you son of a bitch.
You can't run with a baby.
You can't run with a baby!
Don't take my car, man!
I fucked up your seat!
There's no gas left!
I know.
You're in the zone, too.
How did that taste?
Hey. Hey, yo.
Can I put my pants back on?
"Choose a player
and put your hand
down their panties
for a whole minute."
Who's got panties?
"Two shots if they refuse."
I mean, I got some panties.
MAN: Hello.
WOMAN: All right.
All right.
Hey, girl.
You said two shots, right?
Oh, come on.
Come on.
Fuck, I'll do it.
Can someone start the timer?
I got you. I got you.
Should I just...?
Get in there.
You sure?
How are you?
Can you shut the fuck up?
Fuck off!
So what'd you do today?
Well, I attended
a Zoom seminar,
during which I watched
two hours of TikTok.
Oh, I, um, purchased
three shares of stock.
Okay, what stock?
Yo, Roaring Kitty!
Come on. Yes, James.
I love that guy.
Can I please
put some pants back on?
ALL: No!
Sit down.
I'm three days into that shit.
Look, that's just--
that's only from today.
I don't care.
I don't know
what the fuck I'm doing.
I just know I'm making money.
I'm not sold on that.
It's doubled since summer.
And the more people who buy in,
the higher it'll go.
That sounds like the literal
definition of a pyramid scheme.
That's time.
MAN: Bravo.
Ooh, you make me wanna,
ooh, you make me wanna
Ooh, you make me wanna
Ooh, you make me wanna,
ooh, you make me wanna
Ooh, you make me wanna
Ooh, you make me wanna...
Sorry, I have
terrible allergies. [CHUCKLES]
And a killer headache.
Could just be the music
coming from next door, though.
You see your buddy Ken's up to
57 billion in short positions?
Yeah, smart.
The economy's in free fall.
I honestly can't tell
if that was you or Romeo.
Very funny.
I'm telling you, this is when
they drag out the guillotines.
You're obsessed with him.
The man is an asshole.
He stole five analysts from me.
All mediocre, by the way.
Oh, and two paintings.
GABE: What paintings?
A Picasso and a de Kooning.
He overpaid: $500 million.
That is my entire nut
from last year.
The man is an asshole.
Just admit it.
You're just bitter
he stole those analysts.
You seen
Citadel's projected revenue?
Seven billion dollars.
That's, uh, double last year.
Hoovering up
all the stimulus checks.
Thank you.
They go straight
from the retail traders
right into Kenny boy's pockets.
The man just gets away
with murder.
Look at what I just sent you.
Is this a video of a man
drinking his own urine
because a stock went up?
Number one post on the site.
Where did you get this?
My analysts sent it to me.
They call themselves
apes and R-words?
"Retard." C-Can they say that?
Remarkably self-aware.
They've hooked into GameStop
for whatever reason.
They think it's funny,
it seems. [LAUGHS]
I think it's funny.
I think they think
it's a good investment.
Retail traders always lose.
We've actually been
short GameStop since 2014.
The company is, uh,
a complete disaster.
They've had six CEOs
in two years.
Guess these guys are ignoring
obvious secular market trends
or they're
the stupidest people on Earth.
You're shorting more
right now, aren't you?
Yeah. 600,000 shares maybe.
Dumb money, man.
I'm happy to take it.
Mmm, mmm, mmm. Mmm, mmm, mmm.
Listen up, retards.
Melvin Capital
has declared war on GME
by shorting the stock
even more.
Ten. Nine.
Ignition sequence fired.
Six, five, four,
three, two, one.
WallStreetBets, I thought,
were a bunch of idiots
just throwing money at a stock
'cause they thought
it was funny.
I was wrong.
Now I see
what WallStreetBets really is.
It is a revolution.
This is one of
those rare moments
where Wall Street are
the ones being screwed over.
And when we decide
we're hungry,
there's very little
the rich can do
to stop us from beating them.
It's a GameStop
to stop the game.
Power to the people.
I'm jerking off right now.
I'm jerking off right now.
Ho, ho, ho!
What up, everybody?
Merry Christmas.
Happy New Year's.
Happy holidays.
Uh, 2020, see ya.
2020's been a very rough year
for my family, too,
so this GameStop news has been
a bit of a bright spot.
Uh, look at this.
I mean, where it's a...
It's a five-bagger from
where it was over the summer.
You don't often see thesis
play out like this,
so we gotta-- We can't
take it for granted, right?
We gotta appreciate it.
We gotta--
Thank you, Santa. Right?
Uh, I wanted to say cheers,
all of you.
You're why I'm here
in the first place.
It's fun to talk about.
I mean, I figure,
if I worked at a hedge fund,
I'd compare notes with
my colleagues, but I don't.
I'm stuck at home
like you guys, so, uh...
I believe in this stock.
And I believe
in this community.
I'll be honest.
Uh, it's been
kind of a shitty year.
Uh, for a lot of people.
Lot of people lost people
the past 12 months.
I did, too.
Uh, my sister, Sara.
I don't talk about it much.
But it felt right to tell you.
Uh, we've been through
so much together.
You've made me feel a part
of something, something big.
So, uh, Merry Christmas.
I like your car.
It's a classic.
Sadly, it's a gas-guzzler.
Yeah. Yup, this one, too.
But she's such a beauty
I couldn't stand to trade her.
'96 Honda Accord?
Uh, 2003.
Not quite a classic.
It's kind of weird
to talk to someone
and see
their whole face, right?
It's been so long.
I-I work at a hospital.
You could probably tell.
Essential worker.
Thank you
for everything you do.
Oh, you're very welcome.
Hey, uh...
Have a good night.
Safe travels.
Remember when you were
just making fun of me, and
now you're literally obsessed?
No, I don't recall.
How much are you up?
Stock dipped a little.
It was like 2,000
before Christmas.
Maybe you should sell.
No. It's not about the money.
The stock market
is not about the money?
No. You just got to read
some of the stuff on here.
Never understood why
my dad was so pissed off
about this whole thing,
but now I do.
I told you about
his store, right?
It was, like, this, like,
big chain in our area.
My dad, he worked his way
all the way up
from bag boy
to general manager.
Then one of these Wall Street
funds came in, bought it
and vampire-sucked
all the money out of it
and then declared bankruptcy.
He lost his pension,
It's why he had to work
at Pick 'n fucking Save
until the day he died,
and now that's why
I'm up to my ass in debt.
And these fuckers are trying to
do the same thing to GameStop.
Fuck 'em.
Fuck 'em all.
Wait. Look.
Look at this.
This guy wants
to Cash App me $100...
Shut the fuck up.
...to send him a selfie
or 500 if I live chat him
from a bubble bath.
Yes! Yes, we should do it.
Yes, we do it and then
put the money into GameStop.
Who am I talking to right now?
Come on, bitch,
let's go get a tub.
We got this motherfucker lit
on some money shit
Yeah, yeah
And we running shit
And we running shit
Yeah, yeah
We got this motherfucker lit
on some money shit
And we running shit
and we running shit
Please don't pretend...
Your entire business
is kids spending
their lunch money
on random stocks.
They come to you
because it's free.
But if you don't charge
commission on their trades,
how do you make money?
The idea for Robinhood
really came out of the
Occupy Wall Street movement.
All those people
with no way of getting in.
Is that what Occupy
was about?
I mean, were they trying
to get in or...?
So, we said
it's not enough to occupy.
We need to democratize
Wall Street.
Nat, I'm not sure
if you know this,
but Baiju and I
are both immigrants.
I-I was born in Bulgaria,
and Baiju's parents emigrated
from India to the Deep South.
Can you imagine
growing up in rural Virginia
with a name like, uh,
Baiju Prafulkumar Bhatt?
We created
commission-free trading
so that anyone can
get in the game.
You don't even need
a bank account.
People have really responded.
We've added
five million users,
uh, in the last six months,
for a total of, uh...
Close to 20 at this point,
So, you're one of
these tech companies
that's exploded growth-wise
but doesn't make any money.
We make money.
But how?
If you don't charge
commission, then...
From interest
on people's accounts.
But your users
are mostly young.
So how much money
can they really
be keeping in their account?
There's also payment
for order flow.
What's that?
VLAD: We prefer the term
"stock order routing."
When you buy or sell stock
on our app,
we send your order to market
makers who process the order.
They pay us a tiny rebate
on every trade.
But it adds up.
We should really get back
to how we started our company.
What market maker
do you work with?
A few.
Citadel Securities mostly.
Ken Griffin's firm?
Isn't that a hedge fund?
Well, Ken Griffin's hedge fund
is called Citadel,
but Citadel Securities is
a completely different company.
Also owned by Ken Griffin?
All right.
We weren't gonna do this,
but we'll give you a scoop.
Off the record for now.
We're looking to IPO soon.
That's big.
Yeah, yeah
Girl, I can buy your ass
the world with my pay stub
Ooh, that pussy good
Won't you sit it
on my taste bloods?
I get way too petty
once you let me do the extras
Pull up on your block
then break it down
We playing Tetris
AM to the PM,
PM to the AM, funk
Piss out your per diem,
you just gotta hate 'em, funk
If I quit your...
Hol' up, bitch,
hol' up, lil
Sit down
Hol' up, lil bitch
Be humble...
Okay, don't say the bad words.
Be humble
Sit down
Hol' up, lil bitch
Be humble
Lil bitch, hol' up, bitch
Sit down
Be humble
Hol' up, hol' up
Sit down
Hol' up, lil bitch,
hol' up, bitch
Be humble
Sit down
Hol' up,
sit down, lil, sit down
Lil bitch, hol' up, hol' up
Be humble, bitch
Sit down
Hol' up, hol' up, lil bitch
[RAPPING ALONG]: Be humble
Sit down...
Kev, please.
Your father
needs to concentrate.
Drove long-haul for 40 years.
I don't need to concentrate.
Fine. I need to concentrate.
What do you need to
concentrate about?
Oh! What?
Thought they were
veering over into our lane.
Nobody was veering, Elaine.
It's okay.
You talk to any of the girls
at the clinic?
A few of them have called.
I miss it.
Boys, never retire.
Keith, never retire.
Kevin, if you ever get a job,
never retire.
I have a job.
Yet you still live
with Ma and Dad.
Oh, you're
some big professional now
'cause you're fucking king dork
on YouTube?
Just one of many dorks.
This asshole thinks
he's Jimmy Buffett now.
Come on.
KEITH: Warren Buffett.
Warren Buffett.
You're not either of
the Buffetts... Kitty.
You're Ballz?
STEVE GILL: Ah, good Christ.
Fellas. Ugh.
Drop! Stop it!
DoorDash is not a job.
MassMutual is a job.
A job's got business cards.
DoorDash is a job.
Okay? I'm a first responder.
And second of all, Ma, nobody
uses business cards anymore.
We're proud of you, honey.
Get a room.
Take your time.
I'll be in the car.
Love you.
It has been dragging on.
Honestly, I don't know
when we're gonna
be able to start demo,
'cause local ordinances
are a nightmare.
My heart bleeds for you,
having to borrow
a tennis court.
"Borrower is slave
to the lender."
Is that Buffett?
It's the Bible.
Uh, Proverbs.
My grandpa Melvin
used to say it.
When he was starting
his convenience store,
he refused to borrow
one dollar.
It was a point of pride.
Ah, yes,
your humble beginnings.
Grandpa Melvin Capital,
now with 16 billion
under management.
Better than "Citadel."
You sound like
you're preparing for war.
I'm a man of the people.
You rented out a resort,
your entire firm here
so you could stay open
during lockdown.
Says the man who flew
his whole firm down private
just for a party.
And anyway, what kind
of company shuts down
just 'cause the government
tells them to?
All the ones
in your short portfolio.
And yours.
All except for one, actually.
Which one?
GABE: GameStop.
KEN: How?
They sell
computer mouses. Mice?
Uh, they claim it makes them
an essential business.
That is the smartest,
dumbest thing I've ever heard.
I know.
It's actually a fun one.
The revenue's in the toilet.
632 million net loss last year.
They'd be better off just
burning the whole company down.
The stock, though,
it has been volatile.
It's been up.
Retail traders.
Bro, I don't have it, bro.
Damn, brother.
Sorry, man.
Have a good one, bro.
Yeah, yeah, yeah.
Yo, stay up, though.
A'ight, bro.
I'm gonna put these back
real quick.
Hey, Marcos.
Yes, Bradley?
Uh, I... I love how you engaged
with that customer,
but we really want to close
those pre-owned sales.
The margin's more than double.
Oh, shit, double.
Yeah, you didn't do
any of the five prongs, dude
pre-orders, reward card
subscriptions, used sales,
new sales, trade-ins.
Yeah, I mean,
when I was a 16-year-old gamer,
all I wanted was
a reward card subscription.
Five dollars
cash back monthly.
20 points
for every dollar spent.
Don't get me started.
A lot of really smart people
in corporate
put this plan together.
Yeah, but have any of them
ever played a video game?
Uh, it doesn't matter, Marcos,
because they own our asses.
Yo, they don't
own my ass, so...
They do.
And they always will.
Hey, Bradley.
You ever heard of
a short squeeze?
Is that a sexual thing?
Oh, yeah!
Here-Here's what's going on.
Late last year, hedge funds
started shorting stock
in the retail store GameStop,
meaning they had bet against it
and needed it to drop in price
for their investments
to be successful.
Now, unfortunately
for the hedge funds,
small investors
started buying the stock,
led by something called
a popular, juvenile,
foul-mouthed Reddit page.
And when WallStreetBets noticed
that hedge funds had taken
a large short position
in GameStop stock,
they decided to punish
the Wall Street big boys
and launched
a coordinated buying spree.
The revolutionaries on Reddit
are spanking Wall Street's ass.
GameStop shares
absolutely going nuts.
I think, um, it was up
over 70% at one point.
Massive short squeeze, closing
there with a gain of 51%...
Show me the tendies!
...after traders
on message boards...
Happy Wednesday!
Happy hump day!
Gee-- I mean, look at this!
Look at this shit!
A 90% increase in one day?
In one fucking day?
We're going to the moon!
Okay, now if you've been
watching this price action,
this is what I'm talking about.
Yeah, but you can really feel
that panic
from Wall Street, right?
When they start-starting
to feel a little squeeze.
Starting to feel--
You're starting to really feel
a little squeeze.
Oh, I need a drink.
I need a drink.
I know we all drinking tonight.
We fucking did it.
We started from the bottom,
and now we're here!
Let's raise a glass.
To a great company
that's undervalued.
Soon may the Tendieman come.
Show me the tendies.
Show me the tendies.
I got 'em right here.
Show me the tendies.
I just got to...
I just got to dip.
I just... I just got to dip.
No way, and I would do
Mmm, mmm, mmm, mmm, mmm.
Anything for...
11 fucking million dollars?!
What the fuck?!
Oh, language.
The baby's here.
What are you gonna do?
Get a Ferrari? A Lambo?
Caroline, you're gonna ask
for a big diamond, right?
I have a diamond.
Keith, you get
a fucking diamond!
If I were you, I'd look like
DJ Khaled right now.
Kev, it's not real.
I mean, it's real,
but it's just paper.
Just on paper?
You're gonna sell, right?
I mean, I don't know.
Uh, we... we haven't
talked about it.
What the fuck
is wrong with you?
I'm riding Mom's bike
every day to Dorchester
to drop off cheeseburgers
'cause you won't let me
use your fucking car,
and you're
Mr. "Oh, I won't sell
and take millions of dollars."
And, well, what you do
with your life is your choice.
You think I wanted
to get laid off from Dick's
during a global pandemic?
I love those sneakers, man.
I love that store.
I love Dick's.
Mom's bike
doesn't even have gears.
We don't even know
if it's reached the top.
The stock, uh, jumped
like 23% yesterday,
double from Friday's close.
But he's right.
I mean, 11 million dollars
is a lot of fucking dough.
Thank you!
KEITH: Okay, yes,
but since Ryan Cohen
joined the board, the...
This fucking guy.
...and a two billion
market cap.
I mean, could it go...
Yeah, but that's not
what I'm seeing.
That's not
what I'm seeing, Kev.
Kev? You there?
Did he hang up?
Fuck, I think hold.
Girl, you got to sell.
I'm not selling.
How much are you up?
$58,000 and some change.
Baby girl, what the fuck?
You need to get out
while you can.
Don't be an idiot.
You remember red headband guy?
He's worth 11 million dollars,
and he's not selling.
No fucking way.
Yes fucking way.
This is what I'm telling you.
Diamond hands.
Diamond hands.
You hold the line
no matter what the market does,
no matter
what Wall Street says.
What happens
when everyone else sells first
and before you get out
you've lost all your money?
Are there any volunteers?
MAN: Anyone?
We're gonna hold the line.
WOMAN: Come on.
Someone has to go first.
Okay, yeah. I'll do it.
Here we go,
The first COVID vaccine
at Pittsburgh Presbyterian.
Fuck! Fuck! Fuck!
Guys, we need your help.
What should we do?
So, listen, my girl
bought in under 20,
and now it is over 60.
So, like, should she sell?
On the one hand,
she has principles.
On the other, she has 100K
in student debt, so...
One way that
you could think about
the comparison between Marxism
and Utilitarian tradition
is that they both have a micro
story and a macro story.
When you think of
utilitarian tradition...
The only thing
that would convince her to sell
is if Roaring Kitty sold.
So, where my pussy at?
You have the micro story
for the Pareto principle
for how each individual action
will go.
But you also have
a macro story...
Where my pussy at?
Where my pussy at?
Where my pussy at?!
Where my pussy
I'm so sorry.
Hey, hey
Where my pussy at? Ha!
Where is my pussy at?!
Not in here.
RIRI: Whoa.
Wait. Listen. Hold on.
"Future generations
will look back
"and say, 'Good men stood here.
"Good men fought and died
on this ground,'
"as they point to
a TradingView daily chart
"of GME zoomed in on January.
"Since the spawn
of the stonk market,
"two classes of people have been
pitted against each other..."
"...eternal enemies, forever
forced and fated to combat
lions and hyenas."
"These lions,
"these Wall Street hedge funds
have it all
"billions of dollars,
"bailouts for reckless trades.
These dirty fucking
criminal bastards."
Yup, these fucking...
"And then there's us,
"the working man,
the average joe.
"What do we have?
"What the fuck do we have?
They literally call us
'dumb money.'"
"These lions,
these hedge fund guys,
"were born with silver spoons
in their mouths.
"The top one percent
of the one percent.
"They have
massive bank accounts,
eat medium rare,
grade A Wagyu steak..."
What the fuck is that?
That sounds delicious.
"...with truffle shavings
for lunch." Fuck.
"They frequent
the finest strip clubs.
They have blow and escorts
on their yacht parties."
Why do we hate these guys?
"Then you know what
they will tell these escorts?"
What's an escort?
Stop listening.
"When the smoking hot blonde
asks them,
'Like, how do you have
so much money?'" [CHUCKLES]
"You know what they say?
They say..." [CHUCKLES]
"'Dumb money, babe.
Dumb money.'"
AXL: Something is burning.
Oh. Damn it.
You said "shit."
"Last, the GME trade is about
"class warfare,
plain and simple.
"We may be hyenas, yes,
"but guess what.
You put enough of us together,
and we can destroy a lion."
It's on, motherfuckers.
Oh, we coming for y'all.
Y'all better get ready.
We fucking coming for you.
That is some nerdy shit, man.
My brother is a fucking nerd.
Counting down from five, and
then I'm coming back in there,
and I don't think
you want that.
Three! Two!
Thank you. [CHUCKLES]
How was your day?
It's so hard to keep them
focused on Zoom school.
They're just not into it.
How was your day?
You're not worried about
the short squeeze thing?
The dam will break next week.
A few of them will decide
it's gone high enough,
they'll cash out,
the rest will follow,
whole thing will come
crashing down.
I can't think of the last short
squeeze that actually worked.
Ackman and Herbalife.
Before that, Piggly Wiggly.
Piggly Wiggly?
Yeah, 1923, a bear cartel
was shorting the Piggly Wiggly
grocery store.
Founder, he takes out a loan
for what would be
$150 million today.
He buys back almost all the
stock, like 99% of the stock.
The price of the stock
goes up 50%.
How much is GameStop up?
Then the exchange,
they-they-they halt trading
on the stock
so the short sellers
can cover their positions.
Is that legal?
The founder had
to declare bankruptcy, so...
it was all fine in the end.
And you knew all that
or you looked it up?
Every fund manager
knows that story.
You looked it up.
some numbers maybe.
Do you see what's
going on at GME?
There's more of these idiots?
A lot more.
GABE: They won't
hold much longer.
Oh, Gabe, honey,
they're holding.
It just crossed a hundred.
Where are you?
You should probably dial in.
Yeah, be on in one sec.
GameStop, extraordinary
volatility today.
You know, we might want to
make this the stock of the day
now that it's gaining 103%.
That is volatility.
NEWSMAN 2: I will tell you,
I've never seen
anything like it.
Uh, I'm concerned
about it deeply.
I'm calling it
the ultimate short squeeze.
How much money is being made?
Holy fucking shit.
...now we're gonna talk about
GameStop. Those shares...
Holy fucking shit.
...that stock is earning about
130% today,
as bullish retail traders
frenetically buy shares.
Holy fucking shit.
Yo, holy shit!
Shit balls!
Holy shit!
NEWSWOMAN: You look at the chart
for the month, it's up 220%.
RIRI: Oh, fuck!
Everything okay?
Oh, there, yeah. It's crazy.
Holy fucking shit.
Holy fucking shit.
...if you go short in some of
these elaborate options trades,
you can lose money to infinity.
GameStop now, uh,
123 and change,
another record high.
Holy fucking shit.
...completely disconnected from
the fundamentals, and this is
very much being driven by
retail investors,
many of them
trading on Robinhood.
When the music stops,
somebody is gonna be left
without a seat.
This is for casino money only.
We're literally putting
the "game" in GameStop.
...GameStop is the craziest
I think I've ever seen.
True investors never heard
of Reddit a few years ago,
but for that to drive
a short squeeze...
It is WallStreetBets.
It's worth going to the site
because it's
incredibly compelling.
You may think it's fraught,
but they're using arguments
that they think, uh,
hold up under scrutiny.
I just like the stock.
HARMONY: I can't look.
I can't look. I can't look.
It's up another four percent.
I'm gonna have
a fucking heart attack.
Should we sell?
And betray your boyfriend?
Absolutely not. No. Maybe.
Uh, the stock's up 581%.
They are being very specific.
To break the shorts.
I mean, what's going on
at GameStop right now
conceivably could take
a couple of firms out,
hedge funds, if they were
s-stupid enough to be short.
Babe, how much
did we make today?
Five million.
And yesterday?
Four million.
We're, like,
really fucking rich.
How much did we lose today?
A billion.
And yesterday?
A billion.
NEWSMAN 2: Some news
to bring you right now is that
Melvin Capital Management--
this is the hedge fund that had
shorted, uh, this company,
that had effectively been
attacked by
an army of investors
trying to push up
and press up
the stock of GameStop--
they've taken, uh,
a rather huge loss...
Sorry, if you could just
put your head up for a sec.
How long you been down here?
A few months.
You like the weather?
Heat is nice.
The humidity not-not as much.
I can see that. [CHUCKLES]
All right, I think
you're good to go.
Hey, man.
It's, uh, it's good to connect.
You, too.
Great to be here.
I'm glad you are.
Listen, I, uh,
I want to get right to it.
From what I'm hearing,
you guys are-are bankrupt.
No. What? No.
'Cause the word on the street
is that you're-you're drowning.
No, that's... that's crazy.
We're-we're doing great.
You're on the record with that?
Obviously. [CHUCKLES]
All right, man.
Well, then we're gonna get
the live feed up right now,
and then we're gonna get to you
right after this next,
uh, advertising break.
Perfect. Great.
Yes, can't wait.
All right, one more spot,
and then you're gonna be up.
I-I really do think this is
the right time
for you to communicate.
Great, yes. Agreed.
Great. Mm-hmm.
Address it all head-on.
It's gonna, it's gonna be good.
Come on, Gabe.
We're on in ten seconds.
I can't do this. I'm sorry.
Gabe, seriously.
I'm terribly sorry.
Seriously, come on.
W-We're going on right now.
Good to see you. [MUMBLES]
What's the damage?
Let me guess: you need cash.
Didn't call Ken first, did you?
He had Phillips reach out.
How much did he offer?
I haven't called him back yet.
Well, how much do you need?
You know what?
Don't answer that.
The number doesn't matter.
Whatever it is,
I'd love to buy in.
Tell Ken to fill in the rest.
Hey, Ken.
Um, so I might need...
a new investor.
Consider it done.
Just keep moving forward.
Don't think about what
Grandpa Melvin used to say.
Thank you.
Both Citadel, uh, and Point72...
Poor guy. [CHUCKLES]
...have infused
three billion dollars
into, uh, Melvin Capital
to try to shore up...
Another goddamn bailout.
Can you believe this crap?
Nobody bailed me out
when Richard left me alone
with two toddlers, a mortgage,
a shit car that never works.
You can say "shit"
but we can't?
It's just so damn unfair,
and you know it.
All we've done
for the last year is
work our asses off
helping people,
and all we've gotten
is one $600 check.
This idiot effs up just about
as bad as anyone can eff,
and his friends come running in
with three billion dollars.
That's why I keep telling you
You're never gonna win.
Just take the money
and do something nice.
Pay off your mortgage.
Get that one braces.
Look who's still holding.
If he's in, I'm in.
Yeah, he's still
gonna need braces.
Your teeth are perfect.
So what? The stock's up $150?
How much higher is it gonna go?
We control the price now,
not Wall Street,
and no one on there is selling.
You're all so delusional.
Maybe, but look at
what we've managed to do
with these hedge funds.
If we keep
driving up the price,
maybe we'll scare
more of these guys
into closing out their shorts,
and then all of that
bailout money...
...becomes ours.
Your screen name
is "StonkMom"?
Help your mother.
Why me and not Keith?
Just shut up
and do it, okay?
Kev, take the potatoes.
'Cause you're rich now?
Mr. "$23 million on paper
but I won't sell."
Kevin, shh.
Loser says what?
Kevin, let Keith tell them.
Tell us what?
Oh, uh, I was waiting
to tell you in person,
but the, uh, stock we bet on,
GameStop, is up.
Ah, good.
How much up?
He's up 23 million, Pop.
You're an asshole.
Don't kid us.
Uh, it's-it's real.
Yeah, it's real,
and he's refusing to sell.
What is going on?
You're pulling our leg.
No. Your son's
a huge Internet celebrity now.
Millions of people,
including StonkMom,
thinks he's some, like-- I
don't know-- investment genius.
No, he is a genius.
No, he's not.
You're up 23 million?
And you're not selling?
Jesus, Mary and Joseph.
What the fuck
is wrong with you?
Do you even know
how much $23 million is?
And you're just
gonna let it ride?
What's the matter with you?
I know what I'm doing, Dad.
But why aren't you selling?
What-- wait. Is this illegal?
Are you in trouble?
No. No, he's not in trouble.
It's totally legal.
KEVIN: Yeah, he's posting
his balance sheet
on the Internet.
Hedge fund managers,
they go on CNBC
all the time
to pump up a stock.
All I do is post my
balance sheet on WallStreetBets
after market close.
You post your balance sheet?
Yeah, the same idiot
who left a fresh pair of Nikes
out on the bleachers
for just anyone to take.
So you admit they were stolen.
We got to talk about this.
I admit you're a fucking moron.
Least I won the race.
What's the point
of winning the race
if you let some dipshit
steal the prize?
You would've broke a four
if you had the Zooms on.
A four-minute mile
isn't everything, Kevin.
Maybe we should
get in touch with Briggsy.
You know, he works in finance.
CAROLINE: You think Briggsy
knows more about this
than Keith does?
Well, can you talk about
why you're putting your stocks
in "The Wall Street Journal"?
What if somebody tries
to rob you, kidnap the baby?
No one's gonna kidnap the baby.
Nobody wants that baby, Mom.
STEVE GILL: I'm just saying
that if we're gonna
talk to somebody,
you need to talk to Briggsy.
ELAINE: Yes, honey.
This is the point I'm...
KEITH: Enough!
You guys, Keith has literally
poured his heart
and his soul into this
for the past year.
He knows what he's doing.
I know it's been
a tough time, Elaine.
You should still sell.
Think you should sell.
Now, eukaryotic cells...
And just fuck the principle
of the whole thing?
I don't like it
any more than you do.
...are cells that have
a lot of organelles.
Or tiny little factories.
For instance, the nucleus,
the mitochondria.
Now, eukaryotic cells
are typically...
You really don't think that
he's fucking selling?
Kids are with their
father for a few days,
so I'm going to Florida.
You finally fucking sold.
No, I'm putting it on my Visa.
You shitting me?
You're worth hundreds of
thousands of dollars in stock,
and you're amassing
credit card debt.
You really are
out of your mind.
No, babe, I'm all in.
Diamond hand.
Did you know that Gabe Plotkin
gave an interview?
He's been getting death threats
and anti-Semitic messages
from these WSB guys.
It was ten comments.
There's always bad apples.
And the moderators
deleted it right away.
You're just gonna ride
this thing till zero?
No. I'm buying call options.
That could go
to 600 by tomorrow.
Your kid is never
getting braces.
There's eight million
people in there,
and they're all holding.
It's only gonna go up.
This is real.
Hold it. Look.
Aw, man. [CHUCKLES]
Eight million people is real.
It's a joke.
It's not funny.
I got $175,000 in stock
right now.
Like, serious money,
like, I could get y'all a house
and get y'all up out of here
kind of money.
I bought call options,
for cheap.
And they hit.
So now you're gonna sell?
Nah. No, I'm-a buy more.
When they hit,
I'm-a buy you a mansion.
It's gonna be crazy.
Some breaking news right now
on what has turned into,
uh, the soap opera
and, uh, saga of the markets
right now,
and that is
the story of GameStop.
A month ago today,
it was trading at
about 20 bucks per share.
Two days ago, it was under $80.
Today, nearly $350 a share.
The GameStop stock frenzy
even now has the attention
of the White House.
...of course,
our economic team, including
Secretary Yellen and others,
are monitoring,
uh, the situation.
You're witnessing the
French Revolution of finance.
There is
a rebellion aspect to it.
There is an antiestablishment
aspect to it.
I-I don't know if
Wall Street's ever seen it
like this before, Cher.
We never have.
It's generational.
It's like, uh, generational
injustices or like...
This is like little
poor guys versus rich guys,
and poor guys are
winning right now.
Fucking hold.
If you're new here
and you're trying
to make a profit, fuck off.
Stop what you're doing
and listen up.
I own GameStop on Robinhood,
and I am not selling.
All you need to do is hold.
Keep fucking holding.
Soon the Tendieman comes
to send our rocket to the sun.
See, this right here
is the human being
who's largely responsible
for all this GameStop stuff.
Just a pure specimen.
A godlike,
undefeatable creature.
This is what excellence
looks like.
I just like the stock.
MAN: Yesterday he posted this,
that he's in profit--
wait for it--
47 million.
What the fuck is happening?
STUDENT 2: Motherfucker!
Hey, did you try
a different browser?
I opened the browser.
Shit, we're fucked.
Bro, what the fuck?
What the fuck, dude?
I told you this shit is rigged.
What the fuck is going on?
I can't get it to load.
They shut down WallStreetBets.
"Hateful and
discriminatory content."
That stuff has
always been on there.
That's weird.
It's like they're trying
to stop people
from talking to each other.
Babe, are you gonna get that?
Uh, yes, I am.
Uh, I am Roaring Kitty
and DeepEffingValue.
Uh, no, but-but, uh,
nobody ever asked me.
Oh. Okay.
Uh, sir, I just want to say
how grateful I am for this job
and how much it means to me
and my family.
I would never let a hobby
Okay. I understand.
It's MassMutual.
They're getting calls
from reporters
concerned about
my outside activities.
Was all this against the rules?
Uh, it wasn't.
Maybe now it is.
Well, what was that call?
It's okay.
What, are you gonna
lose your job?
It's fine.
They gave me a choice.
Between what?
Between your job
and Roaring Kitty?
Uh, resign or I'm fired.
That's what he just said?
I got it.
Fuck it, WallStreetBets is down.
I can't see Roaring Kitty's
balance sheet.
Oh, fuck.
I don't know what to do.
This could be the sell-off.
I really don't want
to do that.
Well, me neither, but
you can't let it go to zero.
It's 150 grand.
You need that money.
And nobody's gonna hold if
they can't see what he's doing.
Close your eyes
and count to three.
Three. [SIGHS]
Stop fucking
with my heart...
Your phone's ringing.
This is the sound of the world.
Your phone's ringing.
Oh, Robinhood.
Yeah. It's an app.
It's on the phone.
Yeah, no,
your-your phone is ringing.
Yes. Yes.
I'm a boss
in a fucking dress...
Slow down, Norm.
Wh-What did you say?
The NSCC just sent us a file.
They want a deposit
of three billion
to clear all the trades
coming in.
Wait, who?
They're a subsidiary
of the DTCC,
and they're requesting
three billion.
Uh, okay.
Sorry, it's a little loud
in here.
I thought you just said
three billion.
I did.
But we don't have
three billion, Norm.
That's correct.
We've only ever raised
two billion
in the history of the company.
Holy fuck.
What if we don't pay?
They shut us down.
The IPO?
Like, everything? Poof?
Gretchen, Dan and I are
going to jump on a call
with Citadel at 9:00.
Maybe this would be
a good time for me
to chat with Ken Griffin.
Sure. We'll mention that.
I can't sleep.
Me neither.
I just feel sick.
We'll buy it back
first thing.
Please shut up.
What the fuck?
Oh, what the fuck?
HARMONY: What the fuck?
RIRI: Okay, let me try.
Is it frozen?
Th-They cut off the buy option.
That's fucking criminal.
I can't hear you, Baiju.
BAIJU: What the fuck did you do?
Calm down.
Me calm down? You shut down
trading on GameStop?
Not all trading.
Norm worked it out.
The DTCC agreed
to lower the deposit
to $700 million if we shut off
buying, and that's what I did.
The Depository Trade Commission?
They're like one degree away
from Ken Griffin.
One more time, Baiju.
We look like
Ken Griffin's butt boys.
It's not gonna be okay.
You need to fix this.
Shh, shh. I know. I know.
It's okay.
I did fix it, Baiju.
We've been watching shares
of GameStop all day long.
After hitting
a staggering high of $483,
the shares are now down
to about 140.
Now, the best we can tell is
the Robinhood app,
that seems to have triggered
what really has become
a panic sell-off in this name.
And so if you're a retail
investor or a Reddit user
and you've held,
well, you are feeling
some serious pain right now.
Oh, God.
NEWSMAN: Now the criticism
centered on Robinhood for
abandoning their followers here
in favor of helping those
who had shorted
all these stocks
in the first place.
NEWSWOMAN: I don't particularly
like the move
on Robinhood today.
I'm talking to people this
morning that say...
"Okay, that is anti-capitalism.
You can't do that."
Fuck you, Robinhood!
There's been some controversy
about Citadel
and some vague accusations
that somehow Citadel
may have been involved
in Robinhood's decision, Wolf,
to stop or restrict trading
in GameStop and other shorts.
Who is it from?
"The Tendieman."
Come back inside.
Diamond fucking hands!
We all know how
I feel about him.
I think he's a rat and a liar.
Okay, Vlad, you know everybody
here who's watching us
hates your guts, right?
Thank you, Dave.
That's, uh,
that's what I hear.
Uh, but I'm, uh, I'm
a really big fan of your show,
and hopefully I can answer
some of your questions.
Vlad, uh, can you hear us?
Vlad the Stock Impaler.
Yes, I'm here. Hi.
Spill the beans, man.
What happened last week?
Why couldn't people buy
the GameStop shares?
The people demand an answer.
To give you some background,
I'm chief executive
of Robinhood.
Yeah, we know that.
And I just want to say,
we had no liquidity problem.
Well, did something
maybe shady go down here?
Seems weird that
you'd get a sudden
ten billion dollar demand,
you know...
Three. Three billion.
Okay, thr-three billion
just suddenly out of nowhere,
um, and...
Well, I wouldn't impute any
shadiness to-to any of this.
Um, I don't have
the full context, uh,
as to what was going on
with the NSCC
to-to, uh, make
these calculations.
To what degree are you
beholden to Citadel?
I mean, like, basically,
if Citadel is unhappy,
then what happens?
Is anyone, is anyone
holding you hostage right now?
[CHUCKLES] Uh, n-no.
There's just
no rational explanation
on why they would do
what they did
without outside pressure,
And they basically cratered
the stock on purpose.
So, I-I just don't believe
anything that guy says.
I wanted to take a cold shower
after seeing him say that.
Robinhood is facing lawsuits.
We know that.
After halting trades,
they are accused
of rigging the market.
When the big guys, including
one of your main investors
in your company,
started to lose,
you shut down the game
to starve the little guy.
They're stealing from the poor
and giving back to the rich!
They're robbing
from the hood!
I want to be 100% clear.
All of you guys deserve to go
burn in hell and go to jail.
This decision to restrict trade
was not made...
I'm just trying to get
my mom out of the hood.
...on the direction of Citadel
or any market maker.
What the fuck?
Fuck you!
And your mama dukes,
you motherfucking...
Fuck this guy.
Ugh. This guy is just
an obfuscating piece of shit.
There's only one man
I want to hear from right now.
And WallStreetBets is down,
so it's crickets.
It's crickets out here.
Say it with me.
Where my pussy at?!
MAN: Mr. Gill!
MAN 2: Mr. Gill!
MAN 3:
Roaring Kitty,
I fucking love you!
Keith Gill!
Keith Gill, please!
Oh, sorry, this is,
like, my house.
Uh, you want my autograph?
You've been served.
Hey! To the moon, baby!
To the moon!
MAN 2: How long are you gonna
hold on, Mr. Gill?!
Holy shit.
Uh, sorry to interrupt.
We need to talk about
the GameStop situation.
I thought Mecane
was handling it.
So did we.
But the committee specifically
requested you, sir.
If they want specifics,
they can have Mecane.
It's not a choice,
Shit balls.
A congressional subpoena.
I never did anything illegal,
and I always had disclaimers.
Why would you have disclaimers
if you weren't worried?
They're standard practice,
Everyone has them.
The answer is not
in your computer.
There's a dozen reporters
on our lawn.
You have to testify
before Congress.
The game has changed.
I know. I hear you.
I don't think you do.
I'll make it work.
And we're gonna go
to my mother's.
No, she has terrible Wi-Fi.
I'm not talking about you.
I'm talking about me and her.
You need to figure this out.
Where are you going?
To the track.
You were just on the track.
I'm going again.
Hi. Can I interest you
in some champagne or a mimosa?
Is it free?
It is when you sit up here.
Well, there's a last time
for everything.
Oh. You'll come back.
I had half a million
in stocks last week,
but Wall Street cheated.
Surprise, surprise.
I could've cashed out.
I could've paid my mortgage.
Could've got my kid braces,
got a new car.
Honey, I'm gonna
get you something stronger.
Thank you.
You're welcome.
Meow. Kitty.
You know you can't
just eat other people's food?
They do reviews, right?
[SCOFFS] Very funny.
What's this?
Look, they were on sale,
all right,
before you get
all emotional and shit.
Holy shit, you fucking softy.
Who put you up to this?
Caro? Ma?
No, Dad. Called me in tears,
said my big brother needed
some moral support.
Ha ha. Fuck off.
I can't.
Come on, man.
Will you at least
try 'em on, please?
Try 'em. Come on, you're
the richest man in Brockton.
You dress like an asshole.
I lost 15 million yesterday
and another 15
the day before that.
You're still the richest man
in Brockton, like, by far.
Bro, you got rich dudes pissing
in their pants right now.
I mean, come on, man.
How many people from
Brockton High can say that?
This has gone crazy.
I got reporters hounding me
outside my house.
Yeah, man, me, too.
They're coming after you.
You didn't talk to them,
did you?
What do I look like? I said no.
I said,
"Give me 50 grand, maybe."
Tell me you're kidding.
Well, if you give me 20,
then maybe we wouldn't
have to deal with this shit.
The fuck
is wrong with you?!
Kevin! I've just been
subpoenaed by Congress, man.
I do not have time
for your bullshit.
Oh, come off it, man!
Seriously, asshole!
It was a joke!
I know.
We never used to fight
this much.
I miss her.
Me, too.
She kept your ego in check.
Whole fucking world
kept my ego in check.
What the fuck are you gonna
tell Congress, Keith? Huh?
Beg them not to send me
to prison?
Hey, do you, do you remember
back at Stonehill
when they dared me
to run that mile naked?
Yeah, there was a crazy storm
that night, you dumb shit.
Fuck you, man.
That was dope, man.
I'm a legend over there.
Everybody remembers that.
They do, man.
You don't think people remember
your four-minute,
three-second mile?
What is this, a pep talk?
Motherfucker, stop hiding.
Seriously. Okay?
Stop being all meek and shit
and running away.
What, you want me
to run through lightning
with my dick out?
Please. Exactly that.
Run through lightning
with your dick out.
Fuck it.
You didn't go
to your mom's?
You took the car.
How was the run?
Did it clear your head?
Uh, Kev found me,
brought me these.
Mm. You guys talked?
He, uh, told me to run naked.
You ran naked?
Uh, it's a metaphor.
He's saying I got to
take this thing head-on.
Kind of like to see you
run naked.
By the way, uh,
WallStreetBets is back up.
The motherfucker held.
Holy shit.
He lost $30 million,
and he still fucking held.
Robinhood's back up.
We got to get back in.
Where's the stock at right now?
Are you sure?
That's, like, all of the money
that we made
back into the stock.
Yeah. We can't let them
get away with this.
Fuck 'em.
If he's in, I'm in.
If he's in, I'm in.
The frenzy continues
with retail investors
bidding back up GameStop.
GameStop mania, it is back.
NEWSWOMAN: Up more than 80%,
as those message board traders
simply send it higher.
Stock volatility continuing,
it looks like, this morning.
Once again, GameStop involved
in an ongoing battle
between retail investors
and short sellers.
We're gonna have a lot more
on this story.
CEOs of Robinhood,
Reddit, Citadel
and Melvin Capital,
along with Keith Gill,
better known as Roaring Kitty
on social media,
will be in the hot seat.
I'm here testifying today
far removed from my background.
I grew up in a middle-class
family in Portland, Maine.
My dad was
a grocery store executive.
Maybe leave that part out.
The part about my dad?
The executive part.
Okay. Okay.
I went to a public high school.
I studied hard
and got into Northwestern.
Just say "a good college."
I can't say
I went to Northwestern?
Too elite.
Northwestern's too...
All right.
Upon graduation,
I did not have a job.
Today, I'm married
with four children.
Gabe, where do you plan on
doing your testimony?
In front of
your wine collection?
I mean, this is...
I don't have that big
a wine collection, honestly.
Yeah, it's huge.
...digital risks
seemed to be overblown.
Two, the negative sentiment
was overdone.
Three, the value
was overwhelming.
Maybe, uh, here would be nice?
Too many windows.
Too many wind-- oh.
It's very bright.
Yeah, oceanfronts,
not a great idea.
It's blue.
Okay, I hadn't thought of that.
That, uh...
Yeah, downstairs
there's more...
There's probably darker rooms.
NEWSWOMAN: What a bandit.
Most of you know this guy
who was
the Roaring Kitty character,
who was really pushing it...
Holy shit.
Yo, Ri, our boy's on the news.
...and was it potentially
a systemic risk?
Those relationships
in D.C. are strong.
The guys who run
those hedge funds
are the guys who fund
presidential campaigns.
That's a good point.
You know, Roaring Kittys don't
have that kind of influence,
but the hedge fund managers do.
Gill is now being sued
for securities fraud
over his alleged role
in the GameStop rally.
Is Mr., uh, Gill
likely to appear,
and if he appears,
is he likely to talk
if he faces, uh,
the potential of prosecution?
The fundamentals are
based on three things.
One, the digital risks
are overblown.
Two, the negative sentiment
is overdone.
And three...
Ah, come on. Shut up.
I know all this.
You guys, you guys, stop!
Stop. Let's keep going.
All right, let's go again.
You're right. This is serious.
You can go to jail forever.
A long time. Long, long time.
All right. Ready?
You ready? Here we go.
Back in the game.
Mr. Gill, Mr. Gill--
May I call you Mr. Gill, sir?
It's my name.
Why the fuck
wouldn't you be able to
call him Mr. Gill?
CAROLINE: What were your
with the YouTube videos
and your social media posts
on GameStop?
KEITH: Thank you, Congresswoman.
CAROLINE: You're welcome.
I developed a theory
that the company
was undervalued
despite the significant
short interests.
Oh, so you were aware
of the short interest?
It is public knowledge.
You can see it
in the SEC filings.
And your goal was
to break these shorts, yes?
To rally an online mob
to artificially push the price
of GameStop soaring, uh,
"to the moon," as they say?
Isn't that correct, Mr. Gill?
Objection, objection!
You're leading the witness.
I yield my time to the chair.
You were hoping for the short
squeeze, weren't you, Mr. Gill?
You short-squeezing bastard.
The short squeeze was
a marginal point of the thesis.
Then why'd you talk about it
in your videos all the time?
You did talk about it
in your videos.
You talked about it a lot.
You remember about the squeeze?
You were like,
"It's just a little squeeze."
And you're really asking us
to believe that you weren't
a leader to
all these retail traders?
You're fucked, buddy.
My point of view...
Asking-- Yes or no?
KEVIN: Yes or no? Yes or no?
BRIGGSY: Yes. So yes.
You are admitting it. Yes.
Yes or no?
Remember you-you had
the cheap bottle of champagne?
Kevin! Kevin!
You were dunking tendies
in there like a fucking--
I'm running with my dick out.
Okay, why didn't you
just say that?
Okay. I'll stop. All right.
Mr. Gill, what exactly
about the fundamentals
led you to build
this bull case?
What the fuck's with the voice?
I don't know. I was trying
to do AOC, but it was flat.
I don't even think
she's on the panel.
You shut the fuck up, Briggsy.
I'll slap the shit out of you.
Is she on that panel?
I swear to God.
You're gonna slap me?
Yeah, let's go. Let's go.
You ready to go?
I've been waiting
for this, dawg.
Come here.
You're gonna be great.
If it goes bad,
it's gonna be real bad.
Well, don't let it go bad.
This hearing will be the first
in a series of hearings
by the committee
to examine the recent market
volatility involving GameStop.
I want to know how each of
the witnesses here today
contributed to the historic...
Gabe, can you sit up?
...trading events in January.
This recent market volatility
has put a national spotlight
on institutional practices
by Wall Street firms.
And they have demonstrated
the enormous potential power
of social media in our markets.
We will hear firsthand
from the witnesses
regarding these events.
The hearing will be
an opportunity
for this committee
to get the facts
about the role each of
the witnesses represent
played in the events
we are examining today.
Well, now, Mr. Griffin,
if I could just
ask you the first question?
Of course.
How many people are
in the room with you?
That's your question?
If you can just count
how many people
are in the room with you.
There are five people,
including myself, in this room.
Did anyone in
your organization...
...since January 1st,
contact Robinhood?
We of course talk
to Robinhood routinely
in the ordinary course
of business.
We manage a substantial portion
of their order flow.
But did you talk to them about
restricting or doing anything
to prevent people
from buying GameStop?
I want to be perfectly clear.
We had no role
in Robinhood's decision
to limit trading in GameStop.
Fuck you, Ken Griffin.
So, if we depose
everyone in your organization,
we will find that?
That is correct.
Looks like
a Disney Channel villain.
Mr. Plotkin, do you
believe that there is, uh,
manipulation, distrust
and overall inequality
within American finance?
My focus is on
my company, Melvin...
You're on mute, dick.
Uh, I'm sorry. You're on mute.
He just keeps going.
...my area of expertise.
You're still on mute.
I haven't been able to hear
a word you said, unfortunately.
Mr. Tenev, would you be
willing to commit today
to voluntarily
pass on the proceeds...
Ah. Marry me.
...of the payment for order flow
to Robinhood customers?
I appreciate that question.
When the statement
you refer to was made,
it was before Robinhood
forced the entire industry
to drop commissions
and replicate our...
I should take that as a no.
You're not willing
to pass on the proceeds
of payment for order flow
to your customers?
When the other brokers drop...
I'm just talking about today.
I don't want to be rude.
I just have limited time.
Uh, but if removing
the revenues that you make
from a payment for order flow,
uh, would cause the removal
of free commissions,
doesn't that mean
that trading on Robinhood
isn't actually free
to begin with?
HARMONY: Good question.
Thank you very much,
uh, Mr. Gill.
You are now recognized
for five minutes
to present your oral testimony.
Thank you,
members of the committee.
I am happy to discuss
my purchase of GameStop shares
and my discussions of their
fair value on social media.
But before I do that,
a few things I am not.
I am not a cat.
What did he say?
KEVIN: He just said "cat," Ma.
It's like a,
it's like a Kitty thing.
Nor am I a hedge fund.
I do not have clients,
and I do not provide
personalized investment advice
for fees or commissions.
I grew up in Brockton, Mass.
My family was not wealthy.
My father was a truck driver
and my mom a registered nurse.
That's you, Ma!
I was one of three kids
and the first in my family
to earn a four-year
college degree when I graduated
from Stonehill College in 2009.
That was not a good time
to be looking for a job.
From 2010 to 2017,
there were significant periods
when I was unemployed.
I took an interest
in the stock market,
and even though
I had very little money,
I used those times
to educate myself
and learn more about investing.
Mr. Gill, I find it
hard to believe
that you predicted everything
that happened to GameStop
with no inside information.
Uh, I didn't predict it.
I honestly couldn't
explain everything
that happened in January.
I've seen your videos.
You honestly couldn't recount
to the committee
what caused
every single up and down
of the stock in January?
I think you could.
Um, I did follow the stock,
uh, very closely,
but threshold lists,
order flows,
halting purchases--
according to the press--
these all had
a material impact on the stock.
Here's the thing
I-I have a bit of experience
with this stuff,
and even I barely understand
these matters.
It's alarming
how little we all know
about the inner workings
of the market.
Which is why I'm glad
this committee is examining
what happened,
particularly with
the exorbitant short interest,
as well as any potentially
manipulative shorting practices
and brokers' reported failures
to timely deliver shares
and settle trades.
A lot of people feel
the system is broken.
The whole idea of the
stock market is to be, like,
kind of a fair playing field,
where if you're smart
and maybe with a little luck,
you can make your fortune.
But if it ever was that,
it's certainly not anymore.
The big firms have
such a big advantage
in terms of technology
and information
and just sheer wealth,
there's no hope
for the little guy anymore.
Or there was no hope.
Maybe now there is.
And as for me,
I like the stock.
He's gangster for that.
And I don't plan on selling
anytime soon.
MAN: Hold it! Hold it!
Say that shit.
Diamond fucking hand.
Diamond hands, baby.
What a nerd.
Thank you.
It was good.
I think.
Yesterday's Reddit
hearing in Congress
brought together
some of the power players
behind the January
trading frenzy.
Representative Maxine Waters
did say that there will be, uh,
additional hearings on this
and there will be
two more to follow
to find more answers...
NEWSMAN 2: Ultimately,
whether it's markets
or social media--
or I'll just call it media,
'cause that's what it is now--
do you think
any new regulation gets done?
What's clear is that
we're in the Wild West
and that there is so much
activity that's going on
on these online forums.
And we've seen in the last
month, in the last six weeks,
how much force
day traders en masse
can bring to the market
and actually affect it.
They used to just make
some noise around the edges.
Now they can actually move
markets and move securities.
Cheers, everyone.
You're a fucking gangster.
Hey, man, I noticed you've been
selling a lot of new games,
and I just want
to remind you again
that we really want
to be pushing customers
towards the higher margin
pre-owned games.
Yeah, I'm not gonna do that.
Excuse me?
Oh, and in fact,
I'm not gonna do any of
the "Circle of Life" bullshit
or your TikTok dance contest.
You're quitting, then?
Nah, I mean,
I-I thought about it, but...
like, yo, I love it here.
So I think I'm-a stay.
Oh, you're awfully smug
for a kid
who lost all his money
buying stock.
What'd you say it was going to?
A thousand?
I'm also not gonna work
at the ass crack
of dawn anymore.
You're fired!
No, I'm not.
You got to get that approved
by like seven levels
of people, yo.
Thanks to the geniuses
who put that together.
The ones who used to own my ass.
You sold?
Right at the tippy-tippy top.
And I'm holding the other half
for the long haul. [CHUCKLES]
'Cause I'm a savage
Classy, bougie, ratchet
Sassy, moody, nasty
Acting stupid,
what-what's happening?
Ay, I'm a savage
Classy, bougie, ratchet
Whoa, yeah, oh
Sassy, moody, nasty
Whoa, yeah, oh
Acting stupid,
what's happening, bitch?
What's happening?
I'm a savage
Yeah, hey
Classy, bougie, ratchet
Whoa, yeah, whoa
Sassy, moody, nasty
Hey, whoa, yeah, hey
Acting stupid,
what's happening, bitch?
What's happening?
Eat me and record it, but
your edge-up all I'm showing
I keep my niggas private
So his AP all I'm showing
Beefing with you bitches
really getting kinda boring
If it ain't about the money
Then you know
I'm gon' ignore it
I'm the shit
Ooh, ay
I need a mop
to clean the floor
It's too much drip
Too much drip, ooh
I keep a knot, I keep
a watch, I keep a whip...
Fuck yeah.
I'm here testifying today
far removed from my background.
I grew up in a middle-class
family in Portland, Maine.
I went to a public high school.
I studied hard
and got into a good college.
Upon graduation,
I did not have a job.
What's happening, bitch?
Whoa, whoa
What's happening?
Whoa, bitch...
When the statement
you refer to was made,
uh, I believe, 2015 or 2016,
it was before Robinhood
forced the entire industry
to drop commissions and...
I should take that as a no.
You're not willing
to pass on the proceeds
of payment for order flow
to your customers?
That body right, but
you know this pussy fat, ooh
I drop a picture, now these
bitches feel attacked, ay
Don't let that nigga gas you
up and get you whacked, ooh
I make a call
and get that...
But did you talk to them about
restricting or doing anything
to prevent people from buying--
not selling but buying--
in GameStop?
Let me be perfectly clear.
Absolutely not.
As for me, I like the stock.
Hurry up, dick. It's cold.
I can't believe
you're my brother.
You look like
a fucking Ninja Turtle.
Fuck you!
What?! Kevin!
Come on, Kitty!
I'm gonna fight 'em off
A seven-nation army
couldn't hold me back
They're gonna rip it off
Taking their time
right behind my back
And the message
coming from my eyes says
"Leave it alone"
Don't want to hear about it
Every single one's
got a story to tell
Everyone knows about it
From the queen of England
to the hounds of hell
And if I catch it
coming back my way
I'm gonna serve it to you
And that ain't
what you want to hear
But that's what I'll do
And the feeling
coming from my bones says
"Find a home"
I'm going to Wichita
Far from this opera
I'm gonna work the straw
Make the sweat drip
out of every pore
And I'm bleeding and I'm
bleeding and I'm bleeding
Right before the Lord
All the words
are gonna bleed from me
And I will think no more
And the stains
coming from my blood tell me
"Go back home."
Ooh, you make me wanna
Ooh, you make me wanna,
ooh, you make me wanna
Ooh, you make me wanna
Ooh, you make me wanna
Ooh, you make me wanna,
ooh, you make me wanna
Ooh, you make me wanna
Ooh, you make me wanna,
ooh, you make me wanna
Ooh, you make me wanna
You make me wanna
Ooh, you make me wanna
Ooh, you make me wanna,
ooh, you make me wanna
Ooh, you make me wanna
Ooh, you make me wanna,
ooh, you make me wanna
Ooh, you make me wanna
Ooh, you make me wanna,
ooh, you make me wanna
Ooh, you make me wanna
Ooh, you make me wanna,
ooh, you make me wanna
Ooh, you make me wanna
Ooh, you make me wanna,
ooh, you make me wanna
Ooh, you make me wanna
Ooh, you make me wanna,
ooh, you make me wanna
Ooh, you make me wanna
Ooh, you make me wanna,
ooh, you make me wanna
Ooh, you make me wanna
You make me wanna
Ooh, you make me wanna
Ooh, you make me wanna,
ooh, you make me wanna
Ooh, you make me wanna
Ooh, you make me wanna,
ooh, you make me wanna.