Direct ownership of stocks is costly, slow and generally confers zero benefits.
Some random stock cults stumbled on it, and are now using it as a cult affirmation ritual, kind of like baptism. But it doesn't do anything
It's relevant.
"We have all been sold the fiction that when we buy a stock, we have become proud owners of a great American corporation. Our investment is funding that Company and America’s growth. This is not an accurate description. As I will show in this report, we are actually involved in commodity trading of street name securities in which the trading of and record keeping is completely controlled by DTCC and the elite Wall Street firms with no transparency for outsiders. Operating in this black hole of important information they use loopholes in the clearing and settlement system administered by DTCC and loopholes in the ineffective SHO regulations to create counterfeit shares at will. They can and do expand the supply of street name securities through creating counterfeit shares to overwhelm demand and drive down the stock price." [0]
[0] https://smithonstocks.com/part-8-illegal-naked-shorting-seri...
It is unfortunate that you lost money chasing after a short squeeze but no amount of conspiracism is going to bring your money back.
I don't participate in the stock market but this isn't about me anyway. It's about Wall St itself being a massive scam.