Ye’s deal to buy conservative social media app Parler is called off

This illustration photo shows the Parler social network app logo on a cell phone screen with a picture of US rapper Kanye West in the background in Los Angeles, October 17, 2022.

The deal to buy Parler by Ye has been called off.

The rapper agreed to purchase the app in October. Several business partnerships with the musician have been terminated due to his antisemitic comments.

In a statement to CNBC, the app's parent company said they had agreed to end the sale of Parler. The decision was made in November. Parler will continue to grow and evolve the platform for our community.

Shortly before Ye announced his intent to buy Parler, his account was suspended due to the fact that he was a right-winger.

In a world where conservative opinions are considered to be controversial, we have to make sure we have the right to freely express ourselves.

The account of Ye has been restored, but he continues to spread hate towards Jews. The platform is committed to free speech according to Musk.

Gap and Adidas stopped doing business with Ye and his line. Ye said he wasn't given enough control over his line.

The story is getting better. You can check back for the latest news.

Ryan Browne worked for CNBC.