Roland Martin
@rolandsmartin·1.9M subscribers·31.6K videos
Diddy SELLS MAJORITY STAKE In Revolt, Employees Become Largest Shareholder Group Of Media Company
Posted
June 5, 2024
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5:41Now PlayingSean "Diddy" Combs has sold his majority stake in REVOLT, and the current employees are now the company's largest shareholders.
Combs co-founded REVOLT in 2013 alongside Andy Schuon. However, Sean Combs stepped down as chairman in November 2023 after a series of sexual misconduct lawsuits and allegations, beginning with his ex, Cassie Ventura.
Revolt CEO Detavio Samuels said having the employees as shareholders was one of their goals.
The majority of Revolt's employees, about 80% of whom are people of color, are now the company's largest shareholder group. The initial value of Diddy's shares in the company is unclear.
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