MovieChat Forums > August (2009) Discussion > What happened?

What happened?

posted 16 years ago by momo1234
3 replies | jump to latest

I really didn't get it.
I have no idea how Wall Street works, what happened with companies after 9/11

Please anyone explain me what the heck was this movie about.

[–] 16 years ago

[deleted]

[–] Wu_Tang_Clam 16 years ago

The rise and fall of the .com boom. I didn't care for this movie too much but it gave a peek into how a company could be hyped up, worth a ton on paper, but have no "real" equity. There was a documentary on HBO awhile ago with a similar story. It was about a startup .com business that payed peoples parking tickets in NY. The CEO even had a meeting with the president! Anyway, the business failed and was bought out by a larger investor. :P

[–] jeremywong1965 16 years ago

This is about a dot com that's fast running out of money. Despite having gone public recently (a process whereby a company raises capital by issuing shares on an exchange), the CEO needs a source of money while contemplating buying a private jet to boost his image. There is much talk about surviving the lock-up period, after which he can sell his shares and obtain much needed cash. In the end, he realizes his business model doesn't work, the stock got delisted (no longer accepted for trading on an exchange), and he sold his interest in the company to financial backers, agreeing to the condition that he be out.