FaZe Clan now publicly traded company, but value already dropping

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.

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