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REVOLT CEO on Its Employee-Led, Post-Diddy Future: ‘We’re About to Dream Bigger & Blacker’
With the announcement that REVOLT's employees will take over Sean 'Diddy' Combs’ shares in the company, CEO Detavio Smith speaks about its future.
Last October, REVOLT — the Black-owned and operated digital cable network co-founded by Sean “Diddy” Combs in 2013 — celebrated its 10th anniversary. Announced today (June 4) by REVOLT CEO Detavio Samuels, the historic business shift follows in the wake of Combs’ stepping down as company chairman last November after being served with multiple sexual assault lawsuits. At the bottom of the press release announcing REVOLT’s new owners, it says, “Shares held by the company’s former chair have been fully redeemed and retired.” What does that mean exactly?
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