<p><img src="https://static1.businessinsider.com/image/6017d3d56dfbe10018e00fe0-2400/2021-01-28T203616Z_1413161458_RC28HL9HFECB_RTRMADP_3_RETAIL-TRADING-SLANG.JPG" border="0" alt="WallStreetBets logo" data-mce-source="REUTERS/Dado Ruvic/Illustration/File Photo" data-mce-caption="Wall Street Bets users have driven up the GameStop stock price"></p><p></p><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><p>MGM is producing a movie about the <a href="https://markets.businessinsider.com/news/stocks/gamestop-saga-triggers-rethink-wall-street-short-seller-losses-2021-1-1030021995">Wall Street-GameStop saga</a>, which it will base on a book by Ben Mezrich, whose work inspired the 2010 hit film about the founding of Facebook, "The Social Network."</p><p>The studio had acquired the rights to produce a film based on Mezrich's upcoming release "The Antisocial Network," sources close to the matter told <a href="https://deadline.com/2021/01/mgm-ben-mezrichs-the-antisocial-network-wall-street-1234684378/">Deadline</a>. Mezrich confirmed the news on his <a href="https://twitter.com/benmezrich">Twitter</a>.</p><p>In the week since Reddit day traders <a href="https://newsletter.businessinsider.com/click/22810526.33518/aHR0cHM6Ly9tYXJrZXRzLmJ1c2luZXNzaW5zaWRlci5jb20vbmV3cy9zdG9ja3MvcmVkZGl0LWRheS10cmFkZXJzLXdhbGxzdHJlZXRiZXRzLWdhbWVzdG9wLWdtZS1yYWxseS11cGVuZGluZy1zdG9jay1tYXJrZXQtMjAyMS0xLTEwMzAwMDkyODA_bnJfZW1haWxfcmVmZXJlcj0xJnV0bV9zb3VyY2U9U2FpbHRocnUmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY29udGVudD1pbnNpZGVyX2ludmVzdGluZw/5d0cd4a524c17c4d6716770bBc7441edf" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url'q=https://newsletter.businessinsider.com/click/22810526.33518/aHR0cHM6Ly9tYXJrZXRzLmJ1c2luZXNzaW5zaWRlci5jb20vbmV3cy9zdG9ja3MvcmVkZGl0LWRheS10cmFkZXJzLXdhbGxzdHJlZXRiZXRzLWdhbWVzdG9wLWdtZS1yYWxseS11cGVuZGluZy1zdG9jay1tYXJrZXQtMjAyMS0xLTEwMzAwMDkyODA_bnJfZW1haWxfcmVmZXJlcj0xJnV0bV9zb3VyY2U9U2FpbHRocnUmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY29udGVudD1pbnNpZGVyX2ludmVzdGluZw/5d0cd4a524c17c4d6716770bBc7441edf&source=gmail&ust=1612253771502000&usg=AFQjCNGJa5iVgkTVgyfSDDpx92ZBDZDwlg">banded together to pump stocks</a> such as <a href="https://newsletter.businessinsider.com/click/22810526.33518/aHR0cHM6Ly9tYXJrZXRzLmJ1c2luZXNzaW5zaWRlci5jb20vc3RvY2tzL2dtZS1zdG9jaz9ucl9lbWFpbF9yZWZlcmVyPTEmdXRtX3NvdXJjZT1TYWlsdGhydSZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jb250ZW50PWluc2lkZXJfaW52ZXN0aW5n/5d0cd4a524c17c4d6716770bBe0e531f1" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url'q=https://newsletter.businessinsider.com/click/22810526.33518/aHR0cHM6Ly9tYXJrZXRzLmJ1c2luZXNzaW5zaWRlci5jb20vc3RvY2tzL2dtZS1zdG9jaz9ucl9lbWFpbF9yZWZlcmVyPTEmdXRtX3NvdXJjZT1TYWlsdGhydSZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jb250ZW50PWluc2lkZXJfaW52ZXN0aW5n/5d0cd4a524c17c4d6716770bBe0e531f1&source=gmail&ust=1612253771502000&usg=AFQjCNEmfJ62ef-0KaqGBvta0gCPdsG97g">GameStop</a> to the moon, sending ripples through the financial system, Mezrich has acted fast. His bookwhich isn't finished yetcould be available to publishers via auction as early as February, Deadline reported.</p><p>Mezrich and his representatives first marketed the idea of a movie based on the book at the end of last week. MGM acquired the rights by Friday night after a <a href="https://twitter.com/krolljvar/status/1356036166139609090's=20">heated bidding war</a>, the sources said.</p><p><em><strong>Read more:</strong><a href="https://www.businessinsider.com/hedge-funds-data-reddit-tracking-wallstreetbets-tickers-gamestop-short-yolo-2021-1'r=gd-sub" data-analytics-module="body_link" data-analytics-post-depth="60" data-uri="9712488ca40d8319a50899720f6a13a9">How hedge funds are tracking Reddit posts to protect their portfolios after the Wall Street Bets crowd helped tank Melvin Capital's short positions</a></em></p><p>The full plots of both the book and the movie aren't yet known, but Mezrich <a href="https://twitter.com/benmezrich/status/1354402621054976000's=20">tweeted on Wednesday</a> that "a ragtag band of redditers taking on Wall Street is a pretty good movie pitch, actually."</p><p>"The last scene in the movie is definitely <a href="https://twitter.com/elonmusk" data-focusable="true">@elonmusk</a> sitting in the cockpit of a rocket ship tweeting 'Gamestonk!,'" <a href="https://twitter.com/benmezrich/status/1354511237443440646's=20">he added</a>.</p><p>The film would be produced by Ryder Picture Company's Aaron Ryder, with Cameron and Tyler Winklevoss as producers via Winklevoss Pictures, Deadline reported.</p><div><blockquote class="twitter-tweet" data-lang="en" data-cards="" data-conversation=""><p lang="en" dir="ltr">I was born to write this one. Ive got more PowerUp Rewards than any journalist on Wall Street. I doubt Michael Lewis has ever even set foot in a GameStop. :)</p> Ben Mezrich (@benmezrich) <a href="https://twitter.com/mims/statuses/1354776124920909831'ref_src=twsrc%5Etfw">January 28, 2021</a></blockquote><script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script></div><p>Mezrich has written more than 20 books, including in-depth looks at some major business and financial scandals.</p><p>His book "The Accidental Billionaires: The Founding of Facebook, A Tale of Sex, Money, Genius, and Betrayal," which explores how Mark Zuckerberg created Facebook, was turned into the 2010 movie "The Social Network" starring Jesse Eisenberg.</p><p>He also wrote "Bringing Down the House: The Inside Story of Six MIT Students Who Took Vegas for Millions," which was turned into the 2008 movie "21."</p><p>The GameStop phenomenon could go down as one of the most memorable events in financial history. The story began with Reddit day traders <a href="https://newsletter.businessinsider.com/click/22810526.33518/aHR0cHM6Ly9tYXJrZXRzLmJ1c2luZXNzaW5zaWRlci5jb20vbmV3cy9zdG9ja3MvcmVkZGl0LWRheS10cmFkZXJzLXdhbGxzdHJlZXRiZXRzLWdhbWVzdG9wLWdtZS1yYWxseS11cGVuZGluZy1zdG9jay1tYXJrZXQtMjAyMS0xLTEwMzAwMDkyODA_bnJfZW1haWxfcmVmZXJlcj0xJnV0bV9zb3VyY2U9U2FpbHRocnUmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY29udGVudD1pbnNpZGVyX2ludmVzdGluZw/5d0cd4a524c17c4d6716770bBc7441edf" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url'q=https://newsletter.businessinsider.com/click/22810526.33518/aHR0cHM6Ly9tYXJrZXRzLmJ1c2luZXNzaW5zaWRlci5jb20vbmV3cy9zdG9ja3MvcmVkZGl0LWRheS10cmFkZXJzLXdhbGxzdHJlZXRiZXRzLWdhbWVzdG9wLWdtZS1yYWxseS11cGVuZGluZy1zdG9jay1tYXJrZXQtMjAyMS0xLTEwMzAwMDkyODA_bnJfZW1haWxfcmVmZXJlcj0xJnV0bV9zb3VyY2U9U2FpbHRocnUmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY29udGVudD1pbnNpZGVyX2ludmVzdGluZw/5d0cd4a524c17c4d6716770bBc7441edf&source=gmail&ust=1612253771502000&usg=AFQjCNGJa5iVgkTVgyfSDDpx92ZBDZDwlg">banding together to pump 90s nostalgia stocks</a> such as <a href="https://newsletter.businessinsider.com/click/22810526.33518/aHR0cHM6Ly9tYXJrZXRzLmJ1c2luZXNzaW5zaWRlci5jb20vc3RvY2tzL2dtZS1zdG9jaz9ucl9lbWFpbF9yZWZlcmVyPTEmdXRtX3NvdXJjZT1TYWlsdGhydSZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jb250ZW50PWluc2lkZXJfaW52ZXN0aW5n/5d0cd4a524c17c4d6716770bBe0e531f1" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url'q=https://newsletter.businessinsider.com/click/22810526.33518/aHR0cHM6Ly9tYXJrZXRzLmJ1c2luZXNzaW5zaWRlci5jb20vc3RvY2tzL2dtZS1zdG9jaz9ucl9lbWFpbF9yZWZlcmVyPTEmdXRtX3NvdXJjZT1TYWlsdGhydSZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jb250ZW50PWluc2lkZXJfaW52ZXN0aW5n/5d0cd4a524c17c4d6716770bBe0e531f1&source=gmail&ust=1612253771502000&usg=AFQjCNEmfJ62ef-0KaqGBvta0gCPdsG97g">GameStop</a> to the moon.Nobody imagined that the group could power <a href="https://www.businessinsider.com/explainer-what-is-going-on-with-gamestop-stock-2021-1'utm_source=markets&utm_medium=ingest" target="_blank" rel="noopener">GameStop and other highly-shorted stocks</a>,<a href="https://markets.businessinsider.com/news/stocks/hedge-funds-torched-wall-street-bets-gamestop-short-squeeze-reddit-2021-1-1030016596'utm_source=markets&utm_medium=ingest" target="_blank" rel="noopener">torch a few bearish hedge funds</a>in the process, and cause<a href="https://markets.businessinsider.com/news/stocks/robinhood-removes-gamestop-amc-reddit-wallstreetbets-fueled-stock-rally-gme-2021-1-1030015292'utm_source=markets&utm_medium=ingest" target="_blank" rel="noopener">some brokerages to restrict purchases</a> in highly volatile stocks.</p><p>The short-seller squeeze managed to spread from stocks and cryptocurrencies to precious metals within a week, sparking a bubble. Calls to topple the establishment and reallocate wealth resembled the chaos of the <a href="https://www.businessinsider.com/gamestop-wallstreetbets-reddit-trader-mania-populist-movement-occupy-wall-street-2021-1">populist 2011 movement, Occupy Wall Street</a>.</p><p>What became clear is that the frenzy wasn't focused on making profitsrather it was about these traders proving they are a powerful force with influence.</p><p><strong>SEE ALSO: <a href="https://www.businessinsider.com/gamestop-founder-gary-kusin-family-following-reddit-frenzy-closely-honor-2021-1" >GameStop founder Gary Kusin said it was an 'honor' retail investors targeted the company: 'I just grabbed some popcorn'</a></strong></p><p><a href="https://www.businessinsider.com/wall-street-gamestop-movie-mgm-ben-mezrich-antisocial-network-2021-2#comments">Join the conversation about this story »</a></p> <p>NOW WATCH: <a href="https://www.businessinsider.com/how-parasite-delivered-one-of-the-best-twists-in-cinema-2020-2">What makes 'Parasite' so shocking is the twist that happens in a 10-minute sequence</a></p>
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