Faze Clan, one of the Esports organizations that last year was so well known for successfully going public is now starting to face a very difficult situation. A report says that FaZe’s decision to go public has been a disaster.
Because their shares have almost no price. This is certainly a very real threat considering the stock price of FaZe Clan has continued to deteriorate from last month. Curious about what the details are like? Come see the following review from Gamedaim.
Snap Dogg Steps Down from the Board of Directors of FaZe Clan
Back in the year, Snoop Dogg managed to steal the show when he entered the Super Bowl 2022 stage wearing a gold chain with the FaZe Clan logo. Reportedly, the rapper deliberately lent his name as a marketing effort for FaZe who had offered him a seat on the company’s board of directors with shares totaling $1.9 million as well as $248,000 for his son in the form of Saha,
Interestingly, the share price of FaZe Clan continues to decline and doesn’t seem to be picking up at all. In fact, Snoop Dogg has reportedly filed an SEC. In the report, he resigned effectively on March 29, 2023.
Snopp’s departure is certainly a special concern for fans. Because FaZe Clan has currently suffered losses of more than $50 million. Until now, Snoop Dogg’s name on the FaZe Clan website is still listed.
