esports company faze holdings inc faze confirmed that its founders and major investors are offering their shares for sale according to insider gaming the los angelesbased organization which has experienced a significant decline in its value since its public debut in july 2022 is expected to divest up to 625 of its outstanding shares among the major stakeholders on the sell side are b riley ceo lee trink fazes founding members temperrr banks and apex and rapper snoop dogg who is selling nearly 300000 shares as per talkesports however the sale of these securities or even the perception of such a sale could further reduce the companys already declining share price see also faze clan reportedly mulling private exit after only 8 months on nasdaq faze clan began trading on the nasdaq last july it peaked in august with a share price of over 20 and a market cap of 186 billion since then its market cap plummeted to about 355 million since february fazes stock has failed to surpass 1 the companys net losses amount to roughly 1685 million for the financial year price action faze holdings inc is currently trading at 049 down 506 over the past 24 hours next snoop dogg drops the mic on faze clan  gaming teams future hazy as the smoke clears