Someone is throwing a lot of money at this, looking at the ridiculously many Reddit awards. People buying bill boards and such.

Could be the elite:

Main street is absolutely correct that the squeeze will cost the hedges $100B+ losses at the end of it (all squeezes combined). How much of that will go back to the elite (as the counterparty to the trade), is anyone's guess. It might lead to a market crash, especially if they go after silver next. Although, some think the silver thing is a distraction from GME due to it being promoted by suspicious accounts: https://old.reddit.com/r/wallstreetbets/comments/l90om0/silvershortsqueeze_is_a_trap_designed_to_direct/?utm_source=share&utm_medium=web2x&context=3 Other say the opportunty is real and we just need to wait till after GME battle is won (since we only have so much capital).

It may well be a sacrifice the elite is willing to make to usher in the Great Reset. Or it could be something they DID NOT initiate, but supported after seeing it as an opportunity to usher in the Great Reset. How? The government gives money in exchange for an equity stake, resulting in ownership. From what I understand, the plan is for people to own less and the government to own more.

Or could be not the elite:

Because it's the average people (the voters across the political spectrum are united on this) that are putting their life earnings into this to see the elite lose, there will be great pressure on the government not to bail them out again. That will nullify the sacrifice of the people. Fastest way to unite the people against a common enemy. I'm not sure uniting people across the political spectrum against the elite and the government is part of the elite's plan.

Or maybe it's a plan by the "Resistance" to bring down the elite but uniting the people against the elite. Ever think about that? This might be the start of a movement.

We don't know. Only thing we know is that without the squeeze, status quo will continue.