Demise of Faze Clan

[J4MES OX4D 10,025]

Interesting watch this - after being laughably listed towards the end of 2021 at a value of $725,000,000, the organisation seems to be in real financial trouble and last week posted a loss of just over $50m as their shares declined by over 95%. What began as a bunch of bedroom trickshotters across the globe during the MW2 days, turned into a high profile gaming group which eventually expanded into major content creation, merchandise and eSports.

 

Despite many members being embroiled in online scams, drugs and generally shitty vlog content aimed at kids, the group were ambitiously listed, but a huge drive towards farming out robot members for competitive gaming tournaments and milking income revenue from brutal contracts of its own team, it seems that the whole thing is in a right mess.  There's probably only one or two genuine gamers left in the group which is a shame for them because they are tied down to some horrible deals whilst having to keep up what's left of the the brand image. 

 

[JM 1,605]

I was always more of an Optic fan.