FaZe Clan is now a publicly traded company, but its value is already dropping.
The organisation of esports professionals and gaming influencers has begun trading on the Nasdaq to become one of only a few esports companies on the market.
However, when FaZe agreed last October to merge with acquisition company B. Riley Principal 150 Merger Corp., it was valued at close to $1bn. Now that value is closer to $716m.
