FaZe Holdings Inc. (Nasdaq: FAZE) ('FaZe Clan'), is a digital-native lifestyle and media platform rooted in gaming and youth culture, reimagining traditional entertainment for the next generation of content creators and consumers. Founded back in 2010, FaZe Clan includes pro teams competing in esports ranging from Call of Duty to Smash Bros. and individual players who have become some of the most popular streamers and content creators in the world. FaZe Clan has seen its stock price hit a new all-time low following news of their value declining since its initial public offering last year.
The organization, one of the most popular esports organizations in the world, entered the new season with an all-star roster that stacks up well with OpTic. In January, FaZe acquired Bradley ‘Frosty’ Bergstrom, formerly of Gen.G, to lead the team and build a winning culture. The roster also includes experienced players like Thomas ‘ZooMaa’ Paparatto, Dillon ‘Attach’ Price, and Austin ‘SlasheR’ Liddicoat.
Ever since 2010, FaZe Clan (then FaZe Sniping) entered the gaming world in a big way by creating content that automatically resonated with their audience. FaZe Clan is a collective of gaming creators who produce content on platforms such as YouTube and Twitch. As of February, there are 36 content creators, such as FaZe Banks and FaZe Rug, who are part of the FaZe Clan.
FaZe Clan have revealed their Valorant roster just in time for the Valorant Challengers League in North America, signing former TSM player Stephen ‘reltuC’ Cutler and former Cloud9 player Jaccob ‘yay’ Whiteaker. Along with Cutler and Whiteaker, FaZe also signed Matthew ‘Wardell’ Yu, Corey ‘Corey’ Nigra, and Ryan ‘ShahZaM’ Shah. The team is expected to make a splash in the Valorant scene with their new lineup.
The value of FaZe Clan has significantly declined since its initial public offering last year. FaZe Clan is now a penny stock. FaZe Holdings Inc., the parent company of FaZe Clan, has seen its stock price drop from a high of $34.68 in May of 2020 to a low of $0.75 in February of 2021.
The decline of FaZe Clan’s stock price can be attributed to several factors. First, the company has faced criticism for its lack of transparency. Second, the company has had difficulty in monetizing its content, with the majority of its revenue coming from sponsorships. Third, the company is still in its early stages and has yet to turn a profit.
Despite the decline, FaZe Clan is still one of the most popular and influential organizations in the esports industry. The organization has consistently produced some of the most viewed content on Twitch and YouTube, and its fanbase continues to grow. FaZe Clan’s decline in stock price should not be seen as a sign of its impending demise, but rather a sign of its continued growth.
