The American eSports company, FaZe Clan, has been going through a rough time lately. Not only that the stock of the company is plummeting every single day but also the members, players, and content creators are coming forward with some ‘questionable’ internal practices and unfair division of power among the higher-ups. 

Even their “accomplishment” in the talent department, American rapping legend Snoop Dogg, who was appointed as a member of the Board of Directors, left the company with an “effective immediately” resignation. On the other hand, on social media, the company is being grilled after some of the prominent figures are posting cryptic images as a sign of protest. 

Is a FaZe Clan “reset” imminent?

FaZe clan is going through a tough time. Some believe it all began last year when FaZe Rain raised some serious allegations against the company. He had accused the company is being dictated by veterans who have no idea how to adapt to changing times.

His fellow member, FaZe Adept also talked about the unfair power division among the core members of the organization. “There’s conversations that happened, decisions that were made that I am not in the room for,” revealed Adept. Moreover, he emphasized that there have been important conversations among the higher-ups about the betterment of the company where he wasn’t been given a part. 

All these criticisms toward the organization finally pushed the members to the verge, as they joined forces to protest against the Clan. On social media, members such as FaZe Rain, Banks, and Temper have put up a similar story that shows a “reset” icon with the FaZe Clan logo, making it clear that they want a reset inside the company. 

Read More: “What the World Needed”: FaZe Banks Provides a Silver Lining for Fans Amid Nasdaq’s Warnings and Stock Price Decline

Faze Teeqo revealed that Clan has been giving power to people who have almost zero ideas about how to survive in the industry, nor do they have any prior experience in the professional gaming scene. “Someone else can come in as late as last year, who’s not from this industry,…get three times the amount of shares that I have, and an annual salary that’s more money than I’ve ever been paid by FaZe,”

The Nasdaq notice is also a looming sword over FaZe Clan. According to a deficiency notice, FaZe has 180 days in 2023 to regain its compliance. This means if the Clan fails to maintain a share price of $1 or more by the given time period, there could be some severe consequences. 

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