Rapper Ye is no longer buying right-wing social app Parler

By AP News

Share:

The rapper Ye is no longer buying conservative social media site Parler

Parler Kanye West

The rapper Ye is no longer buying right-leaning social media site Parler, the company said Thursday.

Ye, formerly known as Kanye West, had offered to buy Parler in October. At the time, Ye and Parlement Technologies, which owns Parler, said the acquisition would be completed in the last three months of the year. The sale price and other details were not disclosed.

“This decision was made in the interest of both parties in mid-November," Parlement Technologies said in a statement Thursday. “Parler will continue to pursue future opportunities for growth and the evolution of the platform for our vibrant community."

Parler is a small platform in the emerging space of right-leaning, far-right and libertarian social apps that promise little to no content moderation to weed out hate speech, racism and misinformation, among other objectionable content. None of the sites have come close to reaching mainstream status.

Parler launched in August 2018 but didn’t start picking up steam until 2020. It was kicked offline in January 2021 over its ties to the deadly insurrection at the U.S. Capitol earlier that month. A month after the attack, Parler announced a relaunch but didn't return to Google Play until September of this year.

Ye has made a series of antisemitic comments in recent weeks, including praising Hitler in an interview with conspiracy theorist Alex Jones on Thursday. Ye’s remarks led to his suspension from social media platforms, his talent agency dropping him and companies like Adidas cutting ties with him. The sportswear manufacturer has also launched an investigation into his conduct.

Share:

In this article:

Industries:
Communication Services
Information Technology

Author: AP News

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

Originally published by Associated Press Valuethemarkets.com, Digitonic Ltd (and our owners, directors, officers, managers, employees, affiliates, agents and assigns) are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above.

Sign up for Investing Intel Newsletter