A 20-year-old college pupil has made a roughly $110mn acquire by promoting a stake in struggling retailer Mattress Tub & Past, after its inventory worth soared throughout a month of frenzied buying and selling harking back to final 12 months’s meme inventory growth.
Jake Freeman, an utilized arithmetic and economics main on the College of Southern California, acquired practically 5mn shares in Mattress Tub & Past in July, based on regulatory filings, after dismal earnings and the ousting of its chief govt despatched its inventory worth plummeting.
Learn extra right here: https://www.ft.com/content material/1b21bb08-6590-49c6-8baa-5ad8c527fbcc
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