© Reuters. FILE PHOTO: The emblem of social media app Parler is seen on this Illustration taken, October 17, 2022. REUTERS/Dado Ruvic/Illustration
By Helen Coster
(Reuters) -The mother or father firm of social media platform Parler and American rapper Kanye West, who now goes by Ye, have agreed to terminate the intent of the sale of Parler, in keeping with an announcement from Parlement Applied sciences on Thursday.
“This resolution was made within the curiosity of each events in mid-November,” the corporate stated in an announcement. “Parler will proceed to pursue future alternatives for development and the evolution of the platform for our vibrant group.”
Parlement Applied sciences and Ye had introduced plans for the deal in October. On the time the corporate stated it anticipated the deal to shut through the fourth quarter of 2022.
Ye has been criticized in current months for making anti-Semitic remarks. On Nov. 22 he dined with former U.S. President Donald Trump at Trump’s non-public membership in Florida together with Nick Fuentes, a outstanding white supremacist.
In September, Ye terminated his partnership with attire retailer Hole Inc (NYSE:). German sporting items maker Adidas (OTC:) terminated its partnership with Ye in October.
Parler, which launched in 2018, has been reinstated on Google (NASDAQ:) and Apple Inc (NASDAQ:)’s app shops after being eliminated following the U.S. Capitol riots in January 2021. Parler is certainly one of a number of social media platforms, together with Gettr, Gab and Fact Social, which have positioned themselves as free-speech options to Twitter Inc (NYSE:) previous to its new possession below billionaire Elon Musk.
