MGM Snags Film Rights to the GameStop Wall Street Trading StoryLess than a week old, and already the tumultuous tale is heading to the big screen.

ByStephanie Mlot

This story originally appeared onPC Mag

Smith Collection | Gado | Getty Images via PCMag

News travels fast in Hollywood. Less than a week after the meme stock craze that gave GameStop and other struggling firms a financial boost, MGM Studios reportedly acquired the rights to a book proposal chronicling the Wall Street hubbub.

According to Deadline, Ben Mezrich—author ofBringing Down the House: The Inside Story of Six MIT Students Who Took Vegas for MillionsandUgly Americans: The True Story of the Ivy League Cowboys Who Raided the Asian Market for Millions—will penThe Antisocial Network, about a team of Redditors who banded together to bring Wall Street to its knees.

Last week, Reddit users on the r/wallstreetbets subreddit ("Like 4chan found a Bloomberg terminal") teamed up to buy GameStock stock to inflate the price, make a profit for themselves, and take down the financial hotshots betting against the company. GameStop's market value increased more than 1,700 percent since December, Deadline noted; between Tuesday and Wednesday, it rose more than $10 billion.

Details of the book, expected to go to publishers for auction this month, remain scant; it's unclear where Mezrich's story will start and end. MGM, meanwhile, is already making moves, assigning Aaron Ryder (Donnie Darko,The Prestige,Arrival) to produce; Cameron and Tyler Winklevoss, under their Winklevoss Pictures banner, will executive produce.

Mezrich is no stranger to show business. His 2009 taleThe Accidental Billionaires, about the founding of Facebook, was adapted by Aaron Sorkin into Oscar-winningThe Social Network, produced by MGM's Michael DeLuca. Plus, made-for-TV movieFatal Erroris based on his second novel,Reaper, and two more of Mezrich's nonfiction works—RiggedandUgly Americans—have been optioned by Mark Cuban's 2929 Entertainment and Summit, respectively.

Wavy Line
Stephanie Mlot

Reporter at PCMag

Stephanie began as aPCMagreporter in May 2012. She moved to New York City from Frederick, Md., where she worked for four years as a multimedia reporter at the second-largest daily newspaper in Maryland. She interned at Baltimore magazine and graduated from Indiana University of Pennsylvania (in the town of Indiana, in the state of Pennsylvania) with a degree in journalism and mass communications.

Editor's Pick

Related Topics

Growing a Business

We're Now Finding Out The Damaging Results of The Mandated Return to Office — And It's Worse Than We Thought.

Companies knew the mandated return to the office would cause some attrition, however, they were not prepared for the serious problems that would present.

Business Solutions

Learn to Program an AI Chatbot for Your Business in This $30 Course

Get back-to-school savings on this AI coding course.

Money & Finance

Want to Become a Millionaire? Follow Warren Buffett's 4 Rules.

企业家是不能过度指狗万官方望太多a company exit for their eventual 'win.' Do this instead.

Leadership

This Common Leadership Habit Will Harm Your Credibility. Are You Guilty of It?

As leaders, we're always looking for ways to build credibility among peers and employees. But this easy-to-make mistake can ruin it in an instant.

Business News

Netflix is Hiring an AI-Focused Role—and the Starting Salary is up to $900,000

The streaming giant is looking for a leader in its machine learning department.

Data & Recovery

Get 1TB of Cloud Storage for Life for $119.97 With This Back-to-School Sale

This 1TB Cloud Storage Solution Is Only $119.97 for Back to School