Cecilia D'Anastasio / Bloomberg:

Ex-FaZe Clan staff describe mismanagement at the creator collective as its valuation falls from $725M during its 2022 SPAC merger to ~$15M; FaZe fired its CEO  —  The board fired CEO Lee Trink following a steep decline in the shares  —  Three months after its July 2022 debut on the Nasdaq …

Cecilia D'Anastasio / Bloomberg:

Ex-FaZe Clan staff describe mismanagement at the creator collective as its valuation falls from $725M during its 2022 SPAC merger to ~$15M; FaZe fired its CEO  —  The board fired CEO Lee Trink following a steep decline in the shares  —  Three months after its July 2022 debut on the Nasdaq …

Source: TechMeme
Source Link: http://www.techmeme.com/230913/p33#a230913p33