The platform's parent company confirmed on Thursday that Ye won't be buying Parler.
Shortly after Ye went on an antisemitic rant, the announcement was made. The two parties agreed to end the deal last month according to Parlement Technologies.
Parler's intent to be sold has been mutually agreed to by the two parties. The decision was made in the interests of both parties, according to a company spokesman.
After being locked out of his social media accounts, Ye said he would purchase the social media platform. It has since been restored. Ye entered an agreement in principle with Parlement Technologies to purchase its "free speech" alternative to mainstream websites.
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 has supported right-wing causes in the past. He was admired by the online right who wanted him to be a powerful figurehead for their movement. One of the first pundits to embrace Ye was the wife of a Parler CEO. Ye and Owens wore white Lives Matter T-shirts during Paris Fashion Week.
Ye met with Donald Trump for dinner at Mar-a-Lago. Republicans criticized Ye and Fuentes for their beliefs.
The Ye agreement was announced in October, but Parlement Technologies was looking at a possible Parler sale. One potential buyer, who spoke to The Verge under the condition of anonymity, said that the company's asking price was wildly inflated and that they were shocked by the site's low engagement rate.
Parler will continue to pursue future opportunities for growth and the evolution of the platform.
He went public with his mental health struggles in an interview with David Letterman, after he was diagnosed with a mental illness. You feel like people want to kill you. Ye talked to Letterman about his experiences with manic episodes.
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