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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

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