The artist formerly known as Kanye West and now legally named Ye has done something about being kicked off social media sights like Instagram and Twitter; he’s purchasing his own platform. Ye is reportedly on the verge of buying Parler.
Parlement Technologies is the parent company of Parler, and they said the deal should be wrapped up later this year. The sale price has not been revealed, but Parler has raised roughly $65 million to this point.
You might recall that Parler made news in 2021 when it was removed from Apple and Google’s app stores during the capitol riots, but it recently has been put back and is available for download.
The site launched in 2018 and promoted itself as a platform that will not moderate or censor content, unlike Twitter.
Here’s a statement from Ye regarding his latest headline-grabbing move.
“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 had an interesting past few weeks. He was locked out of his Twitter and Instagram accounts for comments deemed antisemitic.
He’s accumulated a fortune in the neighborhood of $2 billion, much of it coming from his Yeezy brand.
It will be interesting to see how engaged he will be in running Parler, the Conservative-friendly platform that recently has been trying to establish its own infrastructure in the cloud and not be so dependent on other firms’ technology. Terms of Ye’s deal with Parler include using its private cloud services.
If they close the deal quickly, Ye could pay for it out of his JPMorgan Chase accounts before they are set to go away in late November.
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