MGM, Winklevoss Twins to Make Movie About Reddit's GameStop Investors Taking on Wall Street

Metro-Goldwyn-Mayer (MGM) is already set to make a movie telling the week-old story of a group of retail investors from social media platform Reddit who took on the financial might of Wall Street.

According to a report from Deadline on Sunday, MGM acquired the movie rights to a book proposal known as "The Antisocial Network" on Friday from New York Times best-selling author Ben Mezrich.

Winklevoss Pictures, founded by entrepreneurs and bitcoin billionaires Cameron and Tyler Winklevoss, will executive produce the film, according to the report. Aaron Ryder – who produced "Arrival" and "Donnie Darko" among others – has been selected to produce the new movie having signed a first-look film deal with MGM.

The story circles around Reddit group WallStreetBets and their endeavor to bring down large hedge funds by forcing a short squeeze on stocks such as GameStop (GME), Nokia (NOK) and AMC Entertainment (AMC), among others.

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Mezrich will once again work with MGM producer Michael DeLuca having collaborated on "The Social Network" – a story about Facebook's rise to prominence adapted from a previous Mezrich novel.

Meanwhile, publishers are expected to go to auction with the book this month.

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