Oct 17 (Reuters) – American rapper Kanye West, who now goes by Ye, has agreed in principle to buy Parler, the social media platform popular among US conservatives, parent company Parlement Technologies said on Monday.<\/p>\n
Nashville-based Parler, which has raised about $56 million to date, said it expects the deal to close during the fourth quarter of 2022. It did not give a deal value.<\/p>\n
Parler, which launched in 2018, has been reinstated on Google and Apple Inc’s app stores after being removed following the US Capitol riots in January 2021. Parler is one of several social media platforms, including Gettr, Gab and Truth Social, that position themselves as free-speech alternatives to Twitter Inc (TWTR.N).<\/p>\n
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Register now for FREE unlimited access to Reuters.com<\/h5>\n register<\/span><\/span><\/button><\/p>\n<\/div>\nLast month, Parler created a new parent company, Parlement Technologies Inc, as part of an overhaul.<\/p>\n
In an interview with Reuters Monday, Parlement Technologies Chief Executive Officer George Farmer said the deal talks with Ye began recently, after Paris Fashion Week.<\/p>\n
In Paris on Oct. 3, Ye, who is also a fashion designer, wore a T-shirt emblazoned with the phrase: \u201cWhite Lives Matter.\u201d Four days later, he made Instagram posts that several Jewish groups called anti-Semitic. Meta Platforms (META.O), which owns Instagram and Facebook, locked Ye out of his Instagram account for the posts.<\/p>\n
Ye then moved to Twitter, posting on Oct. 8 for the first time in two years; Twitter soon locked his account.<\/p>\n
The Parler deal came together quickly, CEO Farmer said, and Parlement was “presented with an opportunity.”<\/p>\n
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American rapper Kanye West’s picture is seen on a smartphone next to the logo of social media app Parler in this Illustration taken, October 17, 2022. REUTERS\/Dado Ruvic\/Illustration<\/p>\n
Read More<\/span><\/span><\/button><\/div>\n<\/div>\n<\/div>\n\u201cThe motivating factor with him was the discussion about Instagram blocking him.\u201d Farmer declined to comment on whether the deal includes a break-up fee if either party terminates it.<\/p>\n
Ye in September terminated his partnership with apparel retailer Gap Inc (GPS.N), while German sporting goods maker Adidas (ADSGn.DE) on Oct. 6 said it is reviewing its business partnership with the rapper.<\/p>\n
Farmer said Monday he is not concerned about Parler’s advertising prospects under Ye.<\/p>\n
\u201cI see this as a warning shot across the bow for companies that want to de-platform people,\u201d Farmer said. \u201cThere are increasingly advertisers who want to advertise to this space.\u201d<\/p>\n
Ye seemed to have joined Parler on Monday and had about 91 followers at the time of the announcement. He now has 3,900.<\/p>\n
“In a world where conservative opinions are considered to be controversial we have to make sure we have the right to freely express ourselves,” he said in a statement.<\/p>\n
Farmer says Parler has 16.5 million registered users. Research firm Apptopia estimates the platform has been installed 11.7 million times since launch, with an estimated 40,000 daily active users.<\/p>\n
Forbes estimates Ye to have a net worth of $2 billion.<\/p>\n
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Register now for FREE unlimited access to Reuters.com<\/h5>\n register<\/span><\/span><\/button><\/p>\n<\/div>\nReporting by Tiyashi Datta and Nivedita Balu in Bengaluru and Helen Coster in New York; Editing by Savio D’Souza and Dhanya Ann Thoppil<\/span><\/p>\nOur Standards: The Thomson Reuters Trust Principles.<\/p>\n<\/div>\n
.<\/p>\n","protected":false},"excerpt":{"rendered":"
Oct 17 (Reuters) – American rapper Kanye West, who now goes by Ye, has agreed in principle to buy Parler, the social media platform popular among US conservatives, parent company Parlement Technologies said on Monday. Nashville-based Parler, which has raised about $56 million to date, said it expects the deal to close during the fourth …<\/p>\n
Kanye West agrees to buy social media app Parler<\/span> Read More »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[5],"tags":[4976,241,8231,7294,7295,72,845,487,26263,73,5661,5662,491,492,14792,7831,816,4334,2668,618,5669,1183,5665,812,813,9253,496,497,14794,5682,814,7369,238,1896,24610,500,5673,245,13665,5010,13794,9254,32038,7833,5676,30609,819,815,506,507,7834,32039,5678,1383,511,27076,514,103,98,32037,2667,820],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack-related-posts":[{"id":100570,"url":"https:\/\/harchi90.com\/kanye-west-to-buy-the-conservative-social-media-platform-parler\/","url_meta":{"origin":100383,"position":0},"title":"Kanye West to buy the conservative social media platform Parler","date":"October 18, 2022","format":false,"excerpt":"Kanye \"Eat\" west photo: Jason Davis (Getty Images)What's that time-honored saying again\u2014when God closes down a Twitter account, he opens up a 4chan thread? Ye, the artist formerly known as Kanye West, is set to acquire the alternative social media platform Parler, an online space favored by many conservatives, per\u2026","rel":"","context":"In "Entertainment"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103403,"url":"https:\/\/harchi90.com\/parler-doxxes-ivanka-trump-kimberly-guilfoyle-in-kanye-west-announcement\/","url_meta":{"origin":100383,"position":1},"title":"Parler doxxes Ivanka Trump, Kimberly Guilfoyle in Kanye West announcement","date":"October 21, 2022","format":false,"excerpt":"The social media platform Parler accidentally leaked the personal email addresses of its own VIPs, including Ivanka Trump and Kimberly Guilfoyle. The Parler outreach team emailed over 200 verified users Monday to announce a deal its parent company made with Kanye West to take over the platform. The deal with\u2026","rel":"","context":"In "Entertainment"","img":{"alt_text":"Ivanka Trump, daughter and adviser to President Donald Trump, waves to supporters during a campaign event Nov. 2, 2020.","src":"https:\/\/i0.wp.com\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/parler-leak-563.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":104724,"url":"https:\/\/harchi90.com\/truth-social-ceo-says-he-and-trump-like-kanye-wests-parler-purchase\/","url_meta":{"origin":100383,"position":2},"title":"Truth Social CEO Says He and Trump ‘Like’ Kanye West’s Parler Purchase","date":"October 22, 2022","format":false,"excerpt":"Truth Social CEO Devin Nunes said Trump and him \"like the fact\" Kanye West is buying Parler. Nunes told Fox Business only Truth Social and Rumble act as a fail-safe for American free speech. \"We are basically building an entire parallel ecosystem that cannot be canceled,\" Nunes said. loading Something\u2026","rel":"","context":"In "Entertainment"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100391,"url":"https:\/\/harchi90.com\/kanye-west-to-acquire-parler\/","url_meta":{"origin":100383,"position":3},"title":"Kanye West to acquire Parler","date":"October 18, 2022","format":false,"excerpt":"CNN Business \u2014 Kanye West is acquiring Parler, the alternative social media platform favored by many conservatives. Parler's parent company announced the deal on Monday morning, saying West had made \u201ca groundbreaking move into the free speech media space and will never have to fear being removed from social media\u2026","rel":"","context":"In "Entertainment"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102115,"url":"https:\/\/harchi90.com\/parler-doxxes-vip-members-announcing-kanye-west-acquisition\/","url_meta":{"origin":100383,"position":4},"title":"Parler Doxxes VIP Members Announcing Kanye West Acquisition","date":"October 19, 2022","format":false,"excerpt":"photo: OLIVIER DOULIERY\/AFP (Getty Images)Parler, the rightwing knockoff of Twitter that's not Truth Social, accidentally exposed the personal email addresses of some of its most elite members on Monday. Rushing to tell them about the company's acquisition agreement with the artist formerly known as Kanye West, top brass sent out\u2026","rel":"","context":"In "Entertainment"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101223,"url":"https:\/\/harchi90.com\/parler-leaked-verified-users-private-email-addresses-in-kanye-west-acquisition-announcement\/","url_meta":{"origin":100383,"position":5},"title":"Parler leaked verified users’ private email addresses in Kanye West acquisition announcement","date":"October 19, 2022","format":false,"excerpt":"The most prominent members of the conservative social media platform, parlerwere in for not one but two surprises on Monday.First, the news most people have likely heard about is that Ye, aka Kanye West, the rapper-turned-right-wing-pundit, has agreed to acquire Parler. 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