1UPdate: The rise and fall of FaZe Clan
How did one of the most promising esports organizations go from having a $1 billion valuation to a stock price worth less than 50¢?
FaZe Clan win Intel Extreme Masters tournament in February 2022.
On this week’s 1UPdate, we break down everything you need to know about the current disastrous state of FaZe Clan with Esports Illustrated writer Norris Howard. How did one of the most promising and popular esports organizations go from having an almost $1 billion valuation to a stock price worth less than 50¢? Why did Snoop Dogg, the most prominent member of their board of directors, leave the company? And why are some of founders of FaZe Clan looking at this moment to jump ship? Listen to this edition of the 1UPdate to find out.
Also in this segment:
- Life is Strange: True Colors, Lucy and the Wolves in the Walls and the Minecraft “Uncensored Library” win Peabody Awards for Immersive & Interactive Media.
- Finland’s largest subscription newspaper modifies popular shooter video game Counter-Strike to provide Russians with accurate coverage of the Ukrainian War.
- Fortnite is the 10th game to come to the Olympic Esports Series 2023.
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