Ye's purchase of Parler was the subject of a number of Musk's posts.
Musk and Donald Trump were shown as the Three Musketeers in a meme.
All three men will have their own websites if Musk and Ye close their deals.
Musk deleted a number of his posts after expressing his support for Ye and the purchase of the right-wing social media app, Parler.
Musk superimposed over the characters from "The Three Musketeers" with the help of the rapper and former president.
At the tip of each figure's sword, the names of each social media company is listed, from Parler to Truth Social and Musk's own mysterious "X" platform. The billionaire recently made a U-turn on his decision to purchase the micro-messaging service, but he has said he could either turn it into a new platform or launch a completely new one.
All three billionaires will have their own social media sites if Musk and Ye go through with their purchases.
It was inevitable according to Musk.
A few hours after Musk deleted a post that appeared to support Ye's purchase of Parler, he sent out a new one.
"Dragon Ball Z" is a show in which two characters can perform a dance called the "fusion dance" and become one more powerful being by touching fingers. The meme had Musk and Ye's faces superimposed on it, with Parler logos on their clothes, and the words "Wait for it."
Musk said it was fun times ahead. The billionaire deleted both of his social media accounts.
The billionaire's response to Ye and his plans for Parler could be an indication of how Musk wants to handle the issue of censorship on the social networking site. The billionaire has stated that he is against censorship that goes far beyond the law. Several accounts that the company has previously banned include Trump.
Musk said he reached out to Ye after he was locked out of his account for posting an antisemitic message. Musk said the rapper "took to heart" his concern about his recent message.
The billionaire is not a fan of Truth Social. The CEO ofTesla dubbed Trump's social media site a right-wing echo chamber.
Parler is promoting itself as a conservative alternative to social media. Parler is small and caters to a conservative user base. According to a January report, Parler has been downloaded more than 11 million times. As of July, there were over 236 million daily active users of the micro-messaging service.
Ye said in an interview that he wants Parler to be a place for people who werebullied by the police.
After the siege on the US Capitol, users of the conservative social media platform started posting violent content. Parler wasn't allowed in the stores of Apple and Apple. The app went back to the Apple App Store later in the year.
Business Insider has an article on it.