FaZe Holdings Inc. FAZE shares are trading lower Wednesday, and the stock is trending across social media. Here’s a look at what’s going on.
Diving into the Facts:
FaZe Holdings recently unveiled plans to extend their “FaZe Fridays” series throughout 2024 due to an overwhelmingly positive response from the gaming community. This live event series, organized by and for gamers, is set to distribute over $1 million in cash rewards over the course of the year.
“We initiated this weekly tournament with the simple goal of having fun, and the response has been beyond our wildest dreams,” expressed FaZe Swagg. “We eagerly anticipate forming teams each week, partaking in various gaming titles with different sets of players, and we are genuinely reveling in every moment. It’s heartening to witness the fervor of our fans mirroring our own enthusiasm!”
Furthermore, FaZe Holdings has on the agenda a special stockholder meeting scheduled for February 16, 2:00 p.m. ET to finalize the vote on the previously announced merger with GameSquare Holdings, Inc. GAME. Shareholders of FaZe Holdings, as of January 11 market closure, have the opportunity to participate in the event via an engaging live webcast.
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FAZE Price Action: According to Benzinga Pro, FaZe stock is experiencing a 0.05% dip, trading at 18 cents at the time of publication.
Image: cromaconceptovisual from Pixabay
