FaZe Clan: Last News

Faze Clan’s Nicholas “Nickmercs” Kolcheff has directly responded to TwitchCon’s recent mask and COVID vaccine mandate by saying a Faze event will be doing the opposite.Kolcheff’s statement comes as both Faze Clan and Twitch are holding events in San Diego, California this month, with TwitchCon recently reversing its policy on no masks or vaccination documents after backlash.“Masks will be required indoors, as well as either proof of vaccination or a negative covid test,” said Twitch. “Let’s make the ultimate squad up safe and accessible for everyone.”Within 30 minutes of Twitch’s statement on the same day (August 12), Kolcheff quote tweeted Twitch saying Faze Clan’s event would have “no mask requirements, [and] no vaccine requirements,” (via Eurogamer).The MFAM and I will be doin’ our thing down in SD, it’ll be poppin’ all weekend.

Snoop Dogg has left Faze Clan, following a difficult financial year for the esports and gaming lifestyle brand.In a letter filed through the United States Securities And Exchange Commission (SEC), Snoop Dogg stated he was resigning from Faze Clan’s board of directors “effective immediately”.The filing (via Dexerto) clarified that the resignation of Snoop Dogg, real name Calvin Broadus, was “not the result of any disagreement with the company or any of its subsidiaries”.Snoop Dogg joined Faze Clan’s board of directors in March 2022, and his responsibilities included creating content for the org, launching Faze-related merchandise and participating in “key business initiatives”.However, Faze Clan has struggled with tumultuous finances since going public on the stock exchange in July 2022.

FaZe Clan has officially gone public on the Nasdaq Stock Market in a deal evaluating at £607million ($725million).As reported by Axios, the gaming company officially began trading publicly on Nasdaq yesterday (July 20) shortly after its SPAC (Special-purpose acquisition company) merger with B.Riley Principal 150 Merger Corp.According to the publication, this is the first gaming company targeted at Gen-Z (those born between the late ’90s and early ‘2010s) consumers to go public and will now go on to trade under the name “FAZE”.The deal of £607million ($725million) is lower than the original one billion dollar valuation that was reported last year when the merger was announced.FaZe Clan is officially a publicly traded company. $FAZE pic.twitter.com/QjrOhJ9ffx— FaZe Clan (@FaZeClan) July 20, 2022However, after FaZe Clan officially went public, it was reported by PC Gamer that the deal prompted an immediate selloff of FaZe stock, as well as a 25 per cent decrease in its valuation on the first day.“I understand why other companies have been criticised for going public via the SPAC vehicle.