Nadeshot says FaZe Clan\u2019s stock price collapse is a \u201cterrible thing\u201d for esports Twitch: Nadeshot100 Thieves CEO Matthew \u2018Nadeshot\u2019 Haag has shared his thoughts on the ongoing drama surrounding FaZe Clan, including on their downward spiral on the stock market, calling it a \u201cterrible thing\u201d for the esports industry as a whole. In July 2022, FaZe Clan officially went public on the NASDAQ stock exchange, opening with a $1 billion valuation. Since then, they\u2019ve watched their share price drop massively, from a peak of $20 a share to a close, at the time of writing, of just $0.42, with a market cap of $30.7m. This drop has been heavily documented online, as FaZe Clan\u2019s stock plummets and the threat of being delisted grows ever more possible. While they\u2019re not the only esports organization to be listed publicly, they are certainly the biggest in terms of brand recognition, and that\u2019s why Nadeshot says it\u2019s such a big deal for the industry in general. \u201cLet me tell you this, and let me be abundantly clear,\u201d the former Call of Duty pro said during a Twitch stream. \u201cYou could say it\u2019s their own doing, and they f**ked us by jumping in and giving that a shot, their lack of success on the market is a terrible thing for the esports industry.\u201d He continued: \u201cPeople look at that, outside investors or people who want to be a part of gaming, they won\u2019t touch it with a 100-foot pole.\u201d Of course, FaZe Clan have other issues going on around the business, with former members and founders\/owners of the company speaking out against what it has become. This has been highlighted predominantly by Nordan \u2018Rain\u2019 Shat, who joined the organization in September 2012, and Jakob \u2018Teeqo\u2019 Swaerden calling them out for what they believe to be poor business decisions and a lack of clarity over their roles with FaZe Clan.<\/p>\n","protected":false},"excerpt":{"rendered":"
Nadeshot says FaZe Clan\u2019s stock price collapse is a \u201cterrible thing\u201d for esports Twitch: Nadeshot100 Thieves CEO Matthew \u2018Nadeshot\u2019 Haag has shared his thoughts on the ongoing drama surrounding FaZe Clan, including on their downward spiral on the stock market, calling it a \u201cterrible thing\u201d for the esports industry as a whole. In July 2022, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-66811","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/66811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/comments?post=66811"}],"version-history":[{"count":0,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/66811\/revisions"}],"wp:attachment":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/media?parent=66811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/categories?post=66811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/tags?post=66811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}