I watched this short video on YouTube which is called "Dislocating my shoulder for the first time (gymnastics dislocate)". It looks like this:
My questions are: Is the shoulder actually dislocated here? What are the pros and cons of the exercise?
About both points there is some disagreement in the comments. Some say the shoulder is actually dislocated, others say it's not. Further, it is said that the "ligaments will get longer and they will never be as tight to hold the shoulder correctly", while others mention the increased risk of osteoarthritis.
I will not be able to perform this anytime soon, so asking for curiosity and a better understanding of biomechanics. Thanks!