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Stock impact report

FaZe Clan Closes Funding Round Led By Music Mogul Jimmy Iovine And NTWRK, A Mobile Player Backed By LeBron James And Drake [Forbes]

NISSAN MOTOR LTD S/ADR (NSANY) 
US:NASDAQ Investor Relations: nissan-global.com/en/ir
Company Research Source: Forbes
Rapper Offset, a FaZe Clan investor, and its CEO Lee Trink at a merchandise pop-up shop in Los... [+]Angeles, CA in December. (Photo by Jerritt Clark)Getty ImagesEsports company FaZe Clan announced today it closed a round of funding with music mogul Jimmy Iovine and NTWRK, a mobile e-commerce platform known for working with top brands like NikeNKE“I do not look at this terrible moment as an opportunity,” said Lee Trink, CEO and co-owner of FaZe Clan on how he managed to raise money during a global pandemic. “But we are fortunate we are in the right industry for a moment like this, when everyone is turning to esports and streaming, and we are positioned to be bigger on the other side of it.”“That’s why you see investors like Jimmy getting in on this, and for the long-term,” Trink added.Forbesvalued FaZe Clan at $240 million in its recent ranking of themost valuable esports organizations. The company has uniquely positioned itself as much as a lifestyle company as an esports one, relian Show less Read more
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