Kanye West, a Grammy Award-winning American rapper, has agreed to purchase the social media platform Parler for an undisclosed sum of money.
The deal to see the rapper who has gone through legal process to change his name to Ye is however expected to be finalized in the fourth quarter of this year.
Both the company and Kanye himself confirmed the news of his intention to purchase Parlar in press releases and on social media.
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Kany wrote; “In a world where conservative opinions are considered to be controversial we have to make sure we have the right to freely express ourselves” in a statement.
“This deal will change the world, and change the way the world thinks about free speech. 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”, said George Farmer, the chief executive of Parler’s parent company, Parlement Technologies.
Just as mentioned earlier, Parler no West has not yet disclosed how much money will be involved in the acquisition of the platform.
Parler’s parent company Parlement Technologies also disclosed in their statement saying even thugh Ye will be taken over, they will still be providing him with “technical support and the use of private cloud services” to the Parler site.
Parler is an American alt-tech microblogging and social networking service associated with Donald Trump supporters, conservatives, conspiracy theorists, and far-right extremists.
Launched in August 2018, Parler markets itself as a free speech-focused and unbiased alternative to mainstream social networks such as Twitter and Facebook. Journalists have criticized this as being a cover for its far-right userbase.
Parler has amassed little over 250,000 monthly active users on its iOS and Android apps, according to market intelligence platform Sensor Tower. (The data was shared to TechCrunch by an industry executive.) In a survey of over 10,000 people, Pew Research reported earlier this month that 38% had heard of Parler.
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