FaZe Clan Runs Out of Hype

(Bloomberg) — Three months after its July 2022 debut on the Nasdaq, FaZe Holdings Inc. threw an exclusive party at a San Diego nightclub, hiring the rapper Travis Scott to promote its stable of video-game stars and YouTube personalities.

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Social-media influencers mingled with gamers in expensive streetwear. Many looked bored as they filmed the event for their online channels. Well past midnight, Scott appeared for a 15-minute show, his voice barely audible over the…