Bed Bath & Beyond • Stock • NASDAQ:BBBY
Meet Jake Freeman, a college senior who sold Bed Bath & Beyond stock for a $110 million profit.
Freeman, an applied math and economics major at the University of Southern California
His fund disclosed on July 21 that it had invested around $25 million to acquire a 6.2% stake in Bed Bath & Beyond.
Less than a month later, on August 16, it sold its entire stake in the business for more than $130 million.
From a young age, Freeman had high goals and a brilliant intelligence.
At the age of 13, with the assistance of his uncle, he made his first $500 investment.
Freeman reflected on his short-lived bet in a Reddit post titled "An Ode to BBBY" on Wednesday