The parent company of Parler, a conservative social media platform, said in a statement Monday that it had agreed in principle to buy the company from the renowned rapper, who has made several inflammatory and antisemitic comments in the last few weeks.
In a world where conservative opinions are considered to be controversial, we have to make sure we have the right to freely express ourselves.
Ye was banned from his social media accounts for making antisemitic comments. There is an antisemitic conspiracy theory that Sean "Diddy" Combs is being controlled by Jews.
According to reports, Ye has a net worth of $2 billion. He has partnerships with Gap and Adidas, which give him a lot of his wealth. Adidas is also reviewing its relationship with Ye after he severed business ties with Gap. The rapper's ties with the bank were severed.
Parler is one of several right-wing-friendly platforms that have arisen during the Donald Trump era. The parent company of Trump's own app, Truth Social, is under investigation by the federal government. The platform went public a month ago.
Parler was accused of being involved in the January 6, 2021, riots at the Capitol building. A number of tech companies blacklisted the service, rendering its app and website useless.
The app was put back on the Play Store by the company in September. The app was restored on the App Store.
Parler wants to reduce its dependence on other firms by setting up its own cloud infrastructure. The company set up a new company called Parlement Technologies in order to provide its own cloud service. The company said that the future is not canceled.
According to the Monday announcement, the terms of the deal include technical support for Parler from its parent company.
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