The fall of Faze Clan has been crazy. It was worth 1 billion dollars, and now, well….
A year ago, the social-media influencers mingled with gamers in expensive streetwear, and they ecmven had a party with Travis Scott. They had to pay more than one million dollars for the whole thing.
They had teams winning every e-sports event, they had massive youtubers, massive collabs with almost every famous person you can imagine, and every single kid in the internet dreamed of being a Faze member.
Well, now, accorsing to Bloomberg, and tbh according to every business analist, Faze has run its course and now is esentially worthless.
Here is the article: https://www.bloomberg.com/news/articles/2023-09-13/faze-clan-went-from-cool-kids-to-penny-stock-now-its-ceo-is-out
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