“We have completely separated and dissociated from each other,” Detavio Samuels, chief executive of Revolt, told ‘The New York Times’
Sean “Diddy” Combs, is no longer at the helm of Revolt, the media company he founded. Recently, Sean decided to sell his entire stake in the company.
According to Detavio Samuels, Revolt’s CEO, Diddy chose to start this separation process back in January, a decision that followed numerous lawsuits filed against him. Samuels conveyed to The New York Times that “One hundred percent of Sean Combs’ shares have been redeemed and retired. He is no longer chairman. He is no longer on the board. He has no shares, no equity in Revolt. We have completely separated and dissociated from each other.”
What’s noteworthy is that the employees of Revolt are now the company’s largest shareholders, although the financial details of Diddy’s exit have not been revealed. Revolt is committed to remaining a Black-owned and operated entity.
In a statement shared with NBC News, the company said, “The shares held by the company’s former chair, Sean ‘Diddy’ Combs, have been fully redeemed and retired. As the company continues to pioneer a new era of entertainment that empowers creators and establishes a new media model, this transformative structure ensures that the employees who are driving the company’s growth also have the opportunity to benefit from its success.”
Diddy had already temporarily stepped away from Revolt back in November 2023. At that time, the company released a statement indicating that he would no longer serve as chairman. They emphasized that this move would help maintain Revolt’s focus on its mission to create content that reflects and amplifies the voices of Black people across America and the African diaspora.
From November 2023, Sean Combs has faced multiple legal challenges, with at least eight civil lawsuits filed against him. Significant among these was a lawsuit from his ex-girlfriend Cassie. She accused him of a decade-long cycle of abuse, violence, and sex trafficking.
Cassie, born Casandra Ventura, claimed in her lawsuit that the mogul had raped and trafficked her, and that she endured domestic violence during their tumultuous relationship. Combs’ lawyer has vehemently denied these allegations, describing them as “offensive and outrageous.”
In a statement on Dec. 6, 2023, Combs responded to the backlash, saying, “ENOUGH IS ENOUGH. For the last couple of weeks, I have sat silently and watched people try to assassinate my character, destroy my reputation and my legacy. Sickening allegations have been made against me by individuals looking for a quick payday.”
By March 2024, federal agents raided some of Combs’ properties. A representative from Homeland Security Investigations confirmed that this was part of an ongoing investigation.
If you or someone you know has been sexually assaulted, please contact the National Sexual Assault Hotline at 1-800-656-HOPE (4673) or visit rainn.org.
