Elaine Low-Senior Entertainment Hollywood experts Elaine Low-Senior

What Hollywood Could Learn From Wall Street’s GameStop-Reddit Saga

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variety.com

Elaine Low Senior TV WriterThe Reddit saga roiling Wall Street for the last two weeks has blasted a spotlight on grassroots investing efforts to rally the price of heavily shorted stocks, sending embattled names like GameStop and AMC Entertainment on rollercoaster rides as a bunch of misfit retail traders wage war on hedge funds.But as the group’s disdain for financial institutions envelops news outlets such as CNBC and Bloomberg, giving financial media a taste of the “fake news” headache its political brethren have long experienced, and as Hollywood gears up to adapt the still-ongoing story, experts say that that scorn highlights something deeper about the state of the wealth gap in the U.S. — something more complex than a simple David.

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