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One of the most successful esports teams in the world Faze Clan, was listed on the New York Stock Exchange last year and went public. But the value
One of the most successful esports teams in the world Faze Clan, was listed on the New York Stock Exchange last year and went public. But the value of the company’s stock didn’t quite evolve as expected. So much so that the value of the stock, which rose above $17 on Sept. 2, is trading for just $0.50 today.
One of the elements that made the fame of FaZe Clan known to the whole world was the famous rap artist Snoop Dogg. esports team, $1.9 million in stock and offered his son $248,000 in stock, adding Snoop Dogg to the management team. A painful decision came from Snoop Dogg for the team as these stocks are worth very little today.
The esports team said Snoop Dogg’s statement to the US Securities and Exchange Commission (SEC) He left the team’s board of directors on March 29. explained. It was emphasized that the departure was not the result of a dispute with the company.
It is stated that the final vesting of the shares given to Snoop Dogg is until next year. So Snoop wouldn’t have these shares until next year. But had he stayed with the company, the $1.9 million share would be worth its current price. would have been much lower.
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Alice Smith is a seasoned journalist and writer for Div Bracket. She has a keen sense of what’s important and is always on top of the latest trends. Alice provides in-depth coverage of the most talked-about news stories, delivering insightful and thought-provoking articles that keep her readers informed and engaged.
