The Rise & Fall of FaZe Clan: How Going Public Collapsed The World’s Most Famous Gaming Collective

Find our podcast YouTube channel here: https://www.youtube.com/channel/UC18HclY7Tt5-1e3Z-MEP7Jg  Subscribe to our weekly Substack: https://centennialworld.substack.com/  Join our Geneva home: https://links.geneva.com/invite/7eb23525-9259-4d59-95e3-b9edd35861a5  Follow us: https://www.instagram.com/centennialworld/  Follow Lauren on Instagram: https://www.instagram.com/laurenmeisner_/ Follow Jordy on Instagram: https://www.instagram.com/jordyn_christensen In this week’s episode, we’re breaking down the rise and fall of FaZe Clan, one of the world’s most famous esports and gaming lifestyle creator collectives. We first dive into FaZe as a company — who they are, what they do, and their financial history — before getting into the horrible situation they’ve found themselves in now. Because after making history as the first esports team on the Nasdaq, six months later their share price plummeted below $1 and their brand is at risk of losing it all.  Timestamps: 17:20 TikTok CEO gets grilled by US Congress in the most hilarious hearing 29:30 Marc D’Amelio announces his desire to buy TikTok amid potential ban 32:45 Selena Gomez & Hailey Bieber issue statements to fans over recent TikTok drama 36:20 Fans speculate that Stassie Baby & Jaden Hossler have broken up 40:48 The rise & fall of FaZe Clan 42:48 What is FaZe Clan? 48:07 The history of FaZe's financial background 58:09 FaZe goes public and everything starts to go wrong Resources: https://www.newyorker.com/culture/infinite-scroll/the-tiktok-hearings-inspired-little-faith-in-social-media-or-in-congress https://www.wired.com/story/tiktok-hearing-congress-us-privacy-law/ https://centennialbeauty.com/marc-damelio-purchase-tiktok-us-ban/ https://centennialbeauty.com/selena-gomez-hailey-bieber-issue-statements-tiktok-eyebrow-drama-follow-each-other-instagram/ https://centennialbeauty.com/did-stassie-karanikolaou-stassie-baby-jaden-hossler-break-up/ https://centennialbeauty.com/the-rise-fall-of-faze-clan-how-going-public-collapsed-the-worlds-most-famous-gaming-collective/  https://www.youtube.com/watch?v=emAN4ZwYeVs&ab_channel=Jabroney