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One hundred percent of Sean Combss shares have been redeemed and retired, CEO Detavio Samuels told theTimes.
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.
Though the fallen hip-hop mogul and Revolt have cut ties, the company will remain Black-owned and operated.
In fact, its largest shareholder group is now a coalition of its employees and chief executive.
A horrifying way to find oneself in the largest shareholder group in a media company.
