The Rise & Fall of FaZe Clan: How Going Public Collapsed The World’s Most Famous Gaming Collective

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Episode • Mar 28, 2023 • 1h 19m

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In this week’s episode, we’re breaking down the rise and fall of FaZe Clan, one of the world’s most famous esports and gaming lifestyle creator collectives. We first dive into FaZe as a company — who they are, what they do, and their financial history — before getting into the horrible situation they’ve found themselves in now. Because after making history as the first esports team on the Nasdaq, six months later their share price plummeted below $1 and their brand is at risk of losing it all.

Timestamps:

17:20 TikTok CEO gets grilled by US Congress in the most hilarious hearing

29:30 Marc D’Amelio announces his desire to buy TikTok amid potential ban

32:45 Selena Gomez & Hailey Bieber issue statements to fans over recent TikTok drama

36:20 Fans speculate that Stassie Baby & Jaden Hossler have broken up

40:48 The rise & fall of FaZe Clan

42:48 What is FaZe Clan?

48:07 The history of FaZe's financial background

58:09 FaZe goes public and everything starts to go wrong

Resources:

https://www.newyorker.com/culture/infinite-scroll/the-tiktok-hearings-inspired-little-faith-in-social-media-or-in-congress

https://www.wired.com/story/tiktok-hearing-congress-us-privacy-law/