Reported 4 months ago
Revolt announced a new ownership structure after Sean 'Diddy' Combs stepped aside as chairman, allowing current employees to become the largest shareholder group. Combs' shares were fully redeemed and retired, with the company emphasizing that those who contribute to its success deserve a stake. The change maintains Revolt's Black-owned status, with plans to empower staff through equity and focus on creating more women-led shows and Revolt Sports after Combs' exit following rape accusations.
Source: YAHOO