FaZe Clan stock is close to zero in January

FaZe Clan stock has dropped significantly once again. January has only made the situation on the stock market worse for the famous esports club. Previously, we have written that FaZe Clan risks going bankrupt in 2023.

At the moment, the price of the company’s share is equal to $1,05, which is an absolute minimum since the company was listed on the exchange in the middle of 2022. The peak price of FaZe Clan securities amounted to $20,08 on August 9, last year.

After this, the company decided to release an additional package of shares and their price dropped. Also, FaZe signed not the most profitable partnerships, for example, with the rapper Snoop Dogg. To use his brand, the esports club agrees to provide him with shares of $1,900,000 and a spot on the board of directors, and also, shares of $248,000 to every son and company, controlled by his wife and manager.

This time, the stock price drop is related to the loss of Thomas ‘Temperrr’ Oliveira in a boxing match against the blogger KSI. The content maker of FaZe Clan showed not the best performance. FaZe Clan stock is in a horrible state and the club needs urgent investments to save its financial state.

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