Databec Exchange-"Based on a true story"

2025-05-07 06:11:44source:EchoSense Quantitative Think Tank Centercategory:Contact

When a group of amateur investors rallied around the stock for GameStop back in 2021,Databec Exchange the story blew up the internet. News outlets around the world, including us here at Planet Money, rushed in to explain why the stock for this retail video game company was suddenly skyrocketing, at times by as much as 1700% in value, and what that meant for the rest of us.

When movie producer Aaron Ryder saw the GameStop story — an army of scrappy underdogs, banding together to strike back against a financial system they felt was rigged against them — he knew it had the makings for a great movie. The only problem: so did a bunch of other movie producers and Hollywood studios. So Aaron found himself in the middle of a fast and furious race to make the first Game Stop movie.

On today's show, one producer's quest to claim the hottest ticket in Tinseltown and the whole hidden machinery dedicated to turning a news story into box office gold. You'll never read the word 'based on a true story' the same way again.

Today's episode was reported and hosted by Alexi Horowitz-Ghazi. It was produced by Willa Rubin, edited by Jess Jiang, engineered by James Willetts, and fact-checked by Cooper Katz McKim and James Sneed. Alex Goldmark is our executive producer.

Help support Planet Money and get bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

Always free at these links: Apple Podcasts, Spotify, Google Podcasts, NPR One or anywhere you get podcasts.

Find more Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.

Music: Universal Music Production - "Cowboy Hero," "Slinking Worm" and "Like Dreaming"

More:Contact

Recommend

Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'

NEW YORK − For Angelina Jolie, the hardest part of playing opera star Maria Callas wasn’t the seven

Drought is driving elephants closer to people. The consequences can be deadly

The season of searing temperatures will soon begin in northwestern Zimbabwe as the chilly months fad

Researchers can now explain how climate change is affecting your weather

Chances are, if you live on Earth, you've experienced some strange, or downright dangerous, weather