Kanye West Acquires Conservative Social Media Platform CNN Business

CNN Business — Kanye West acquires Parler, an alternative social media platform favored by many conservatives. Parler’s parent company announced the deal Monday morning, saying West has “made a groundbreaking move into the free press space and will never have to fear being removed from social media again.” The acquisition comes after West, who legally changed his name to Ye, temporarily locked his Twitter account this month for anti-Semitic tweets. Parler still needs to sign a final deal with West and expects it to close in the fourth quarter, but the exact terms of the Parler deal have not been disclosed. Parler’s parent company, Parliament Technologies, will continue to be involved in providing technical services and cloud support. The acquisition of Parlor could make it the newest celebrity owner of the social media platform after former President Donald Trump’s attempts to secure a conservative base through an acquisition of True Social and Tesla CEO Elon Musk’s Twitter. It also highlights how a small number of wealthy men have been banned or dishonored for their seditious remarks, and how they are trying to own social media platforms to reinforce what they call “freedom of the press.” In Parler’s presentation, West said, “In a world where conservative views are considered controversial, we must ensure that we have the right to express ourselves freely. As part of the announcement, Parler linked to West’s account on a platform that appeared to be launched at the same time. As of early Monday, this account had around 500 followers. For Ye, the deal happened during a particularly controversial period. West has made headlines in recent weeks defending the use of his slogan in a “White Lives Matter” t-shirt in public. Tucker Carlson. After the shirt incident, apparel company Adidas said it was considering a partnership with West this month. In September, West said it was giving up its two-year partnership with apparel retailer Gap. ADL CEO Jonathan Greenblatt called the speech “a haven” of hate in an interview with CNN on Monday. Parler was founded in 2018 and has seen rapid growth surrounding the 2020 elections. According to market research firm Apptopia, the app has gained popularity among conservative politicians and media outlets, claiming to be a haven of loosely-tuned freedom of expression, with around 2.9 million daily users. But since then, the fortune has been clouded as Parlor’s estimated daily users have fallen to 40,000, Aptopia told CNN on Monday. (By comparison, Twitter has over 237 million daily active users.) 6 After the riot, Parler was removed from the Apple App Store and Google Play Store for failing to adequately mediate a violent investigation on the platform. has been Documents provided to the House committee investigating the Capitol riots show how the Secret Service was aware of posts to Parler that hinted at the potential for violence surrounding the day. Separately, Parler submitted a letter to Congress arguing that lawmakers’ interest in the app’s role in the riots was to “victim” the app. After Parler changed its content moderation practices, it was restored to both app stores. Parler has faced more competition in recent months as the burgeoning right-wing digital media ecosystem expands. True Social was launched on the Apple App Store in February and was approved on the Google App Store on October 13. When True Social appeared on the Google Play Store last week, downloads skyrocketed, and before that, it was still popular, Aptopia said. 144,000 daily active users. If the deal closes, Musk’s move to acquire Twitter could potentially overturn Parler and similar services. Musk has repeatedly called for lifting the permanent ban and rethinking Twitter’s approach to content moderation. This could once again make a much larger platform home to some users who jumped into smaller services like Parler. It also means that Musk and Ye, who are known to be friends, are currently competing. “I spoke with you today and expressed my concerns about his recent tweet,” Musk tweeted after a polite anti-Semitic tweet sparked protests, and I think he took it to heart. A week later, Ye’s deal to acquire Parler was announced.

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