Diddy Sells Stake in Revolt, Making Employees the New Owners

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Diddy recently sold his majority stake, in REVOLT making the current employees the main owners of the company according to The New York Times.

Detavio Samuels, REVOLTs CEO shared in an interview with Variety about the companys direction. The choice to empower employees to become shareholders. He highlighted the significance of recognizing and rewarding employees hard work and commitment mentioning that companies that offer incentives to their staff tend to excel and have morale and retention rates.

In 2013 Combs co founded REVOLT alongside Andy Schuon. However following allegations of misconduct including accusations from his former girlfriend Cassie Ventura Sean Combs stepped down as chairman in November 2023.

REVOLT issued a statement denouncing Sean ‘Diddy’ Combs for his actions shown in hotel footage released by CNN in 2016 where he was seen mistreating Cassie. The company expressed sorrow and concern regarding the video despite Combs no longer being associated with REVOLT. They acknowledged the impact of his behavior, on their employees, audience and the culture upheld by the company.