US student makes $110m profit trading meme stock Bed Bath & Beyond

Jake Freeman, 20, amassed large stake in ailing US homeware retailer before its share price soared

A 20-year-old US university student has made a $110m (91m) profit with a one-month bet on the meme stock Bed Bath & Beyond.

Jake Freeman and his family bought almost 5m shares in the struggling US homeware retailer at less than $5.50 a share in July for a total outlay of about $25m.