As much as hotcopper has i feel devolved over the last few years as we get an exodus of 'new' investors - i.e. those brought up in the last few years of ultra accommodating monetary policy and stimulus, this pales in comparison the facebook groups.
I did join a few of them... notably with good intentions, but unfortunately the stuff that goes through there is some of the worse. Times are 'great' i'd still argue, otherwise sadly there would be a heap of 'punters' (if facebook is to be believed) who have lost the house.
Unfortunately large multibaggers the likes of Chalice, Liontown, and more recently lake resources have emboldened everybody to normalise mutli baggers like it's an entitlement. The 20-40% returns people comonly boast about I do wonder how much longer this gravy train can run for - i mean keeping in mind long term compound wealth over the very , very long term at 20% would be a pipedream. I think Buffet himself averages circa that, and so there are several buffet's in these groups if one is to believe it.
It does bring a bit of an unsavoury question to the forefront with the rise of the new gen, social media driven stock groups: finfluencers, reddit, instagram etc. - and what is a blatant pump and dump. I am certainly not surprised that there are groups out there working in cohort to turn some quick change. But definitely scary thinking what's out there, and how many unsuspecting 'punters' will find out the hard way.