A 20-year-old student at USC took a gamble and it paid off big.
According to reports, Jake Freeman, a math and economics major at USC, netted more than $110 million investing in Bed BathThe retailer was the latest meme stock craze, soaring more than 440% in the past few weeks.
Freeman reportedly borrowed $25 million from family and friends and invested it all in the company, and quickly quadrupled his money. Freeman announced on Reddit that he sold all his shares but plans to always keep shopping at the retailer.& Beyond sank 40.5% after the high-profile activist investor Ryan Cohen confirmed that he's sold his stake in the company.Copyright © 2022 KABC Television, LLC. All rights reserved.
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