The gaming influencers from FaZe Clan became famous with trick shots in Call of Duty. Then they sold their name and reputation and went public. After the stock plummeted there, they are now back and in a good mood. A relaunch of their clan caused enormous interest on the Internet.
This is FaZe Clan:
PvP games are often the games that bring e-sports clans to the top:
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Clan sells its name on the stock exchange
That was the dark time of the clan: FaZe Clan became increasingly commercial and the actual founders sold their shares, gave up control and withdrew. Other members joined the clan:
The commercialization resulted in an IPO.
But it failed catastrophically and the stock collapsed sharply within a short period of time. Fans of the clan who had invested in the active lost a large part of their investment here.
Relaunch generates huge interest
This is the status now: The influencers of yesteryear have now taken control of the clan again. Founder Richard “FaZe Banks” Bengston (32) sets the tone.
The clan is now owned 51% by GameSquare and 49% by DraftKing co-founder Matt Kalish:
As Wallstreet-Online reports, the relaunch of FaZe on April 27th caused an extreme influx on social media. The clan was the number 1 topic on Twitter. Search interest was also huge, according to Google Trends.
It is said: “The internet is captivated by the return of FaZe Banks”.
FaZe belongs in the history books: It’s super important
This is what Banks says: As a visible symbol of the new beginning, Banks dismissed most of the clan’s members.
Banks says: He can’t apologize for anything (via Kotaku) that feels right. He saw how wrongly FaZe was run and how the life of the clan was sucked out.
Now he wants to lead the brand back to the top. It would have changed the lives of so many people and was super important.
FaZe belongs in history books and museums, not on a bag of shit pizza rolls. So what.
This is what lies behind it: The irony is that Bank acts as if the “commercialization of FaZe” went completely against his will and as if he did not benefit from it at all. The growing commercialization fits perfectly with everything we know about FaZe Banks, which has always clearly pursued financial interests and acted quite unscrupulously.
Everyone who has purchased a share in FaZe will certainly suffer from the campaign. You can read here what it looks like for people who are on the other side of FaZe and who lost their jobs when they took power: For a 24-year-old, it was the dream to be in the FaZe clan: But the expulsion is brutal