The company’s current employees are set to become the biggest shareholder group of Revolt.

CEO Detavio Samuels explained the change in a statement. “We are stepping into the most revolutionary chapter yet for Revolt. When I joined in 2020, I quickly realized two things: Our mission is bigger than any individual, and we are the largest engine for transformative change that just so happens to be a media company,” Samuels said.

He continued:

“Over the past four years, this engine has created countless opportunities to build wealth for our community and empower creators and entrepreneurs globally, which includes our reinvestment of $50 million annually into the Black community, funding Black entrepreneurs with no exchange of equity, and ensuring creators have upside participation in the content IP we co-create…We are most proud of the transformation that our teams will experience as they shift from being employees to owners of the business they are helping to build. Black culture is global culture, and REVOLT’s superpower is being the home for creators that move culture globally, allowing us to build the most powerful storytelling engine for Black voices.”

Under the new structure, Revolt will stay Black-owned (around 80% of the staff are people of color). Combs left the company in November 2023 following a damning lawsuit from his former girlfriend Casandra “Cassie” Ventura. Ventura stated that Combs sexually and physically abused her throughout the course of their relationship.

The media outlet recently released a piece detailing violence from the “Bad Boy” label owner based on information from many former associates, friends, and employees of Diddy. Rolling Stone investigated after Cassie filed a bombshell lawsuit accusing Diddy of sexual assault, among other things.

The article goes back to his days as a student at Howard University, where former schoolmates detailed some instances of abuse they witnessed while they attended the D.C. HBCU. They also had conversations with people who worked with him in the early days of starting his label up until recent times, where some stated they witnessed abuse from Diddy.

One of the people the media outlet spoke to was Wallace. Although she doesn’t want to believe what she has heard, after viewing the video, she says she is praying for Cassie and hopes he apologizes to his ex.

She also added, “I hope that I see Sean one day, and the only thing I want to do is slap the daylights out of him. And you can quote me on that. Because I liked him. I didn’t want to believe all the awful things, but I’m so ashamed and embarrassed.”

She also stated that the former Revolt owner needs to apologize to his mother, Janice Combs, and speak to her about his misdeeds.

“He needs to apologize to his mother,” she says. “I hope to God he sits her down and spills his guts and apologize to her.”