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The Independent UK
The Independent UK
National
Alisha Rahaman Sarkar

Student, 20, makes $110m trading Bed Bath & Beyond stocks after social media craze

REUTERS

A 20-year-old college student made a nearly $110m gain by selling stocks of struggling retailer Bed Bath & Beyond after its stock price soared following a month of trading driven by social media.

Jake Freeman, an applied mathematics and economics major at the University of Southern California, bought 4.96 million shares at $5.50 each in July through a holding company set up by him.

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