Kanye West has abandoned his plan to acquire a social media platform Parler
According to a statement released by Parlement Technologies on Thursday, the parent company of the social media platform Parler and American rapper Kanye West, who is now known as Ye, have mutually agreed to terminate the intent of the sale of Parler.
Midway through November, “this decision was made in the interest of both parties,” according to the company’s statement. “Parler will continue to pursue future opportunities for growth and the evolution of the platform for our vibrant community.”
During the month of October, Parlement Technologies and Ye made public their intention to enter into this agreement. The company previously projected that the merger would be finalised in the year’s fourth quarter.
Anti-Semitic comments Ye allegedly made in recent months have drawn widespread criticism. On November 22, he and prominent white nationalist Nick Fuentes dined with former US President Donald Trump at Trump’s private club in Florida.
Ye ended his business partnership with Gap Inc. in September. In October, Ye’s partnership with Adidas, a German sportswear manufacturer, ended.
After being removed from Google Play and the Apple App Store in the wake of the unrest in the United States Capitol in January 2021, the 2018 release of Parler is now available once again. Many competing social media sites, including Parler, Gettr, Gab, and Truth Social, have positioned themselves as free-speech alternatives to Twitter Inc. since its acquisition by billionaire Elon Musk.