Dumb Money really does show how the little guys won against Wall Street – a 'meme stock mania' expert explains

By Larisa Yarovaya, Deputy Head of the Centre for Digital Finance, Associate Professor in Finance, University of Southampton

Drawing inspiration from the real-life 1,800% spike in the value of GameStop shares in 2021, Dumb Money deftly explains the drivers of “meme stock mania” – when groups of investors on social media herd together to cause certain stocks to rocket.

The “dumb money” of the film’s title is a reference to these amateur or retail investors. At the height of the meme stock craze, these “little guys” worked together to upend the tactics…

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