xQc suggests plan to rescue FaZe Clan: 'Fire all employees that do content'
AUSTIN, TEXAS: During a recent live stream, Felix Legyel aka xQc discussed the strategies to rescue FaZe Clan with fellow streamers, Ludwig and TheStockGuy. They both were engaged in xQc's discussion. The FaZe Clan is a professional esports and entertainment organization headquartered in Los Angeles. Since its initial public offering in September 2022, FaZe Clan's stock has experienced a continuous decline.
xQc is a renowned Twitch streamer with over 11.4 million followers on Twitch. Keep reading to know more about the FaZe Clan and the new strategies of xQc.
'Fire all employees that do content'
After the recent financial crisis of FaZe Clan, it has been under major scrutiny. According to the reports, in the first quarter of 2023. It faced a net loss of over two million dollars. During the recent stream on Twitch xQc claimed, “Okay, it's a simple concept. Tighten up the ship, fire all employees that do content, production, everybody out, out of the job. Most esports teams under contract, all canceled. All fired. Do legacy cost, whatever they have left on their contract, write it out."
xQc also suggested adding some tips, "Get a really strong core of top content creators, YouTubers, streamers, go together and merchandise, brand, produce at the core and work your way down to genuine content and results and you work your way down and you stop doing esports sh*t because that sh*t is garbage."
'He should buy it and fire everyone'
xQc plans have started viral across various platforms, And the live stream went viral on Reddit and the fans commented as follows. One of the Reddit users wrote, "Someone needs to start a narrative about 'hedgies' and 'shorts' and you can really pump that number up. " Another Reddit user wrote, "He should buy it and fire everyone. Then recruit poke, Jesse, gigi and dizzy into faze." One Reddit user said, “Stock was around 0.51$ and went up to 0.57$ immediately after XQC started talking about his idea to buy FaZe on TheStockGuy's stream with ludwig.” The other Reddit user wrote, "I mean this is just penny stocks in a nutshell. And every person who does stocks will tell you 9/10 times penny stocks amounts to pure gambling."
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