After being banned from Twitter and Instagram for anti-Semitic and controversial posts, the rapper formerly known as Kanye West has offered to acquire the right-wing friendly social network Parler.
Parlement Technologies, Parler’s parent firm, announced on Monday that it has entered into an agreement in principle with West, legally known as Ye, for the latter to acquire the platform.
“The acquisition ensures Parler a future role in creating an uncancelable ecosystem where all voices are welcome,” the company tweeted.
The “uncancelable” marketing identity is what seems to have made the platform appealing to Ye, who was kicked off Twitter and Instagram a week ago for making anti-Semitic comments that the social media platforms claimed breached their regulations.
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According to internet archive data, the rapper tweeted that he would soon go “death con 3 on JEWISH PEOPLE,” a clear reference to the United States’ defense preparedness condition scale known as DEFCON.
JPMorgan Chase has decided to sever its business partnership with Ye’s business Yeezy after the tweet went viral.
“In a world where conservative opinions are considered to be controversial we have to make sure we have the right to freely express ourselves,” Ye said in a statement.
Ye is not new to controversy, having previously suggested that slavery was a choice and referring to the COVID-19 vaccine as “the mark of the beast.” Earlier this month, he was chastised for wearing a “White Lives Matter” t-shirt to the Paris Fashion Week.
“Ye is making a groundbreaking move into the free speech media space and will never have to fear being removed from social media again,” said Parler CEO George Farmer.
While no financial terms were released, Parlement Technologies stated that the deal involves the use of private cloud services delivered through the firm’s private cloud and data center infrastructure.
The acquisition is said to be slated to occur in Q4 2022.
Parler received over 1.62 million total visitors between the end of November and the beginning of December 2021, representing a reduction of approximately 8.08% over the previous 6 months. However, from November 2020 to January 2021, Parler reported 15 million overall members and approximately 4 million active users.
The social media app, popular with U.S. conservatives, is making its return to Google’s app store after being deleted more than a year and a half ago following the riots in the US Capitol in January 2021.
Information for this briefing was found via Huffington Post, Zero Hedge, and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
