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From $1 Billion to Almost Worthless: Faze Clan Runs Out of Hype

From $1 Billion to Almost Worthless: FaZe Clan Runs Out of Hype

(Bloomberg) Three months after its July 2022 debut on the Nasdaq, FaZe Holdings Inc. threw an exclusive party at a San Diego nightclub, hiring the rapper Travis Scott to promote its stable of video-game stars and YouTube personalities.Most Read from BloombergChina Flags ‘Security Incidents’ With iPhones as Bans ExpandLuxury Cruise Ship Full of Australians Stuck in Greenland ArcticiPhone Pro’s Titanium Finish Stands Out in First Look at DeviceCiti Plans Job Cuts as It Revamps Top Management St

Newly listed Allied Gold board approves $500m Ethiopia project

Marrone-led Allied Gold heads for Toronto listing

Electric van group Arrival lines up A&M in survival battle

The New York-listed company has drafted in Alvarez & Marsal to prepare contingency plans for an insolvency filing if it cannot secure new funding, Sky News learns.