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Country: United States
Renowned American e-sports company
News
FaZe Clan: the e-sport firm has lost 99% of its value in fifteen months 24/10/2023
- GameSquare will own 55% of the group consolidated with FaZe Clan after the merger.
- FaZe Clan was valued at around $17 million at the time of the transaction.
- Prior to this merger, FaZe Clan had been valued at $725 million when it went public in the summer of 2022, peaking at $1.45 billion a few days later.
- Since then, they have lost 99% of their value in just over a year.
- FaZe Clan posted a net loss of $168.5 million in 2022, $36.9 million in 2021 and $28.8 million in 2020.
- FaZe Clan was launched in 2010 and has evolved from a collective focusing on the game Call of Duty to a major e-sports and entertainment company, including professional gamers, influencers, streamers and celebrities.
- Former youtuber Richard "FaZe Banks" Bengtson will be appointed CEO of the FaZe Clan entity within the new group following the merger.
Studies mentioning this company
The e-sport market - France
Other companies mentioned:
- Nintendo
- Electronic Arts
- Activision Blizzard
- Youtube
- Team Vitaly
- Gamers Origin
- GameWard
- Karmine Corp
- FaZe Clan
- Kinomap