Since people have mentioned doing it in groups.
I did have a group of friends that used to kinda do this in hangout while I was working on comics (drawing comics all day can be boring, sometimes it's nice to have someone else to talk to)
One of the members in it loved bad fanfics and bad comics. Not hate, genuinely loved them because they were so bad they made her laugh, so she would have a good time reading them. She enjoyed writing purposely horrible fanfics as well, and would on occasion write us (the artists working on comics in the chat) bad fanfics for our stories. On fridays she enjoyed reading them out loud for everyone else in the chat to hear, which she would dub 'fan fiction friday' this would usually result in all kinds of 'I hate this so much omg' reactions in chat, particularly when it got to a bad sex scene like "Wait his dick is a grande... and now he's REALLY f*king a live grenade because that's where the robots memory is storied and it's the only way to erase his memory???" or "How exactly does one go so deep into her that 'the penis touched her heart??"
That would probably be the closest I get to the hate reading experience, but again, she read these because she LOVED to read them, not because she hated them.