🧵 1. 🚀 In the movie "Dumb Money," characters resist advice to sell GameStop and AMC shares, doubling down on their investments during the meme stock mania. #cinema
🧵 1. 🚀 In the movie "Dumb Money," characters resist advice to sell GameStop and AMC shares, doubling down on their investments during the meme stock mania. #cinema
🧵 2. 💼 Amidst rising stock prices, characters in "Dumb Money" face skepticism from family and friends about their investing choices.
🧵 3. 💎 Despite warnings, the characters in "Dumb Money" hold the line and become obsessed with tracking stock prices on their phones and TV.
🧵 4. 📈 Jan 27, 2021, marked the peak of the meme stock mania with GameStop hitting an all-time high and AMC experiencing a record volume day.
🧵 5. ⬇️ The fervor has since cooled, leaving many meme stock investors deep in the red. GameStop down over 78% and AMC down over 97% from their peaks.
🧵 Read more at: https://www.cnbc.com/2023/09/15/heres-where-amc-and-gamestop-are-now-as-dumb-money-hits-theaters.html