Ye, formerly known as Kanye West has announced that he has reached an agreement with Parler to buy them out. Parler has also posted a comment that they have agreed to the price of the buyout to Ye.
Parlement Technologies is pleased to announce that it has entered into an agreement in principle for Ye, formerly known as Kanye West, to acquire the Parler platform. The acquisition ensures Parler a future role in creating an uncancelable ecosystem where all voices are welcome.
West said :
“In a world where conservative opinions are considered to be controversial, we have to make sure we have the right to freely express ourselves.”
No details of the sale have been announced, but Ye is a billionaire, so he could be paying cash for the deal along with any demands the union.
West has been engulfed in controversy lately over anti-Semitic remarks he made. Both Twitter and Instagram have suspended him over it. Buying Parler would assure him access to one social media outlet that he cannot be suspended from. He will be the first conservative to own a social media platform. This also means that many restrictions that exist now will be a thing of the past. It could become no holds barred, but I really hope that would be a mistake.
Terms of the deal were not disclosed, although the company announced Sunday it had just received funding in order to buy California-based cloud company Dynascale. This assures Parler that they can now use their own cloud company. One from which they cannot be dropped like they would from Big Tech. That brings the total that Parler has raised to $56 million dollars. With West owning Parler, he can provide additional cash infusions in order to attract more members for the site.
George Farmer, CEO of Parler’s parent company Parlement Technologies, and husband of Candace Owens said:
“Ye is making a groundbreaking move into the free speech media space and will never have to fear being removed from social media again. Once again, Ye proves that he is one step ahead of the legacy media narrative. Parlement will be honored to help him achieve his goals.”
Farmer, the son of Michael Farmer, a British Conservative member of the upper chamber of the U.K. Parliament, was named CEO in May 2021. That move followed a battle between top shareholder Rebekah Mercer and former Parler CEO John Matze.
Owens and West are friends and generated headlines when they donned “White Lives Matter” shirts earlier this month at a Paris fashion show.
West, who is reportedly worth $2 billion, most recently gave an interview to a web TV show called Drink Champs in which he continued the tirade against Jews that got him locked out of his social media accounts, which have tens of millions of followers.
“What they do is, the Jewish community, especially in the music industry, … entertainment, period,they’ll take one of us, the brightest of us, right, that could really feed a whole village,” West said in one of several disturbing remarks. “And they take and milk us until we die and then Stevie Wonder’s kid gotta get a job.”
Within the last month, it was announced that West has been dropped by JP Morgan Chase Bank, severed ties with Gap, and may soon lose a lucrative partnership with Adidas.