Jan 28, 2022
Please check local listings for screenings near you. Playing at The Rio in Vancouver, BC beginning Feb 4, 2022
GameStop is a video-game retailer that many consumers thought would close up shop after 30+ years of operation. The resentment exists because of not only over the policies it had with trade-ins versus fair value, but also in its relationship with customers. This introduction is needed to understand why this company is more or less viled. Those sentiments linger in the documentary Gamestop: Rise of the Players.
This examination by Jonah Tunis reveals those old feelings and how it led to the shakeup in the company’s stocks. It’s fascinating to watch. There were investors buying up stock while it was low. This filmmaker entertainingly navigates through all that’s transpired by adding in cartoon style snippets (clips from pop culture) to a businessman’s look at what went on. The scandal made the news, and an investigation was ordered!
Spurred by the sub-reddit posts from the /wallstreetbets forum and hedging, many people took a chance at “investing.” Traders were manipulating these assets and suddenly people were getting rich when they can sell it off at a high value. Gamestop is popular again for all the wrong reasons. One detail that’s repeated is in how this company continues to be criticised. The managers were told to pack ’em in when new releases of high-selling titles become available, even during the pandemic!
Melvin capitalism saved this chain operation, and it’s amusing to see how GME (as it’s known on the Stock Exchange) stayed afloat. Although we’ll never understand this company from within, it seems Gamestop is here to stay, whether or not we like it.
4 Stars out of 5