DraftKings Inc

Digital entertainment and esports brand FaZe Clan began trading on the Nasdaq Wednesday after completing a SPAC merger in a deal valued at $725 million, a big step for creator economy companies to be publicly traded.FaZe Clan is an online media company made up of 93 members, consisting primarily of esports competitors and content creators, plus a handful of celebrities like Snoop Dogg. FaZe Clan's social creators have a combined following of over 500 million across multiple platforms such as YouTube, TikTok and Twitch.…

Check out the companies making headlines before the bell:Under Armour (UAA) – The athletic apparel maker posted an adjusted loss of 1 cent per share in the company's transition quarter, compared with a profit estimate of 6 cents per share. The company is changing its fiscal year, with the first quarter of fiscal 2023 beginning April 1. Under Armour also issued a weaker-than-expected outlook for its full-year profit as it absorbs the impact of higher costs and supply chain disruptions. Under Armour plunged 12.5% in…

A Peloton exercise bike is seen after the ringing of the opening bell for the company's IPO at the Nasdaq Market site in New York City, New York, U.S., September 26, 2019.Shannon Stapleton | ReutersCheck out the companies making headlines in midday trading Friday.Peloton — Shares of Peloton dropped 7.7% after The Wall Street Journal reported the at-home fitness company is looking for potential investors to take a minority stake in it in the realm of 15% to 20%. The company has struggled with post-pandemic demand on top of…