The definition of a "dangerous organization" now is whether it can lighten wealthy wallets
These groups quickly degrade into memes about how buying and holding these stocks forever will make people rich. They chastise anyone who even considers mentioning an exit strategy.
When the stock begins to decline, early investors in these groups will quietly exit while using the group to convince others to "buy the dip" and have "diamond hands".
Don't believe the narrative that this is a simple transfer of wealth from wealthy banks to Redditors. It's also a massive transfer of wealth from Redditors arriving late to the game who aren't in on the joke to those who are.
Do you really think Redditors are YOLOing thousands of dollars into a stock with the understanding that they’re going to lose most of it? Are they really spending thousands of dollars on some laughs?
No, they’ve been convinced that this trade is free money. They’ve also been convinced this money is coming from evil bad guys, ignoring the influx of cash from fellow Redditors.
I think they absolutely know they can lose it all. But the risk/reward ratio was so amazing it made sense to throw money at it and see what happens.
Haven't they been pretty candid about saying "when the short interest decreases it's every man for himself?"