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Meme stock’ icon Ryan Cohen infuriated some Redditors after bagging an eight-figure payday while dumping his entire activist stake in struggling retailer Bed Bath & Beyond. BBBY
Jake Freeman, a 20-year-old student at the University of Southern California, became an internet folk hero after he earned $110 million by selling his stake in the retailer.
Cohen, the billionaire Chewy.com founder and GameStop chairman, disclosed that his firm RC Ventures had exited its position. Cohen earned a $68.1 million profit on the stock, generating a 56% gain on his original investment while selling after just seven months, Bloomberg reported.
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#bbby #bbbysqueeze #bbbystock
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