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Market News

Kanye West to buy Crypto Friendly Social Media Platform Parler

Written By:
Richa Bhagat

Last updated: October 18, 2022 7:28 AM
Published October 18, 2022 7:28 AM
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Last updated: October 18, 2022 7:28 AM
Published October 18, 2022 7:28 AM
Kanye West to buy Crypto Friendly Social Media Platform Parler

The controversial rapper, fashion designer, and firebrand Kanye West, who has been accused of being racist for his divisive cultural and political comments, looks to be taking over the crypto friendly social media platform Parler with a predominantly right-wing user base.

Parler’s parent firm announced on Monday that Mr. West, who now goes by Ye, will purchase the website for an undisclosed sum of money. Parler touts itself as a platform for unrestricted free speech.

Parlement Technologies is pleased to announce that it has entered into an agreement in principle for Ye, formerly known as Kanye West, to acquire the Parler platform. The acquisition ensures Parler a future role in creating an uncancelable ecosystem where all voices are welcome. pic.twitter.com/KXdhV71prl

— Parler (@getparlerapp) October 17, 2022

“In a world where conservative opinions are considered to be controversial we have to make sure we have the right to freely express ourselves,” said West, who now goes by Ye, in a statement released by Parler.

According to the company, Ye and Parler’s parent company plan to close the acquisition before the end of the year. As part of the agreement, Parler’s parent firm will provide technical support as well as access to its private cloud services.

George Farmer, the chief executive of Parler’s parent company, Parlement Technologies, said in a statement “In buying Parler, Ye will help “continue the fight against censorship, cancel culture and authoritarianism.” 

“Ye is making a groundbreaking move into the free speech media space and will never have to fear being removed from social media again,” Farmer said in a statement. “Once again, Ye proves that he is one step ahead of the legacy media narrative. Parlement will be honored to help him achieve his goals.”

Also Read: Kanye West Adorns Bitcoin’s Satoshi Hat after JP Morgan Fallout

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Richa Bhagat - Content Editor at The Crypto Times
By Richa Bhagat
She is a full-time journalist who fits in as an Editor at The Crypto Times. She is only now beginning to spread her wings into the Crypto World. To feed her soul, you can find her smashing a DUNK or frolicking in the water. She usually caresses her fingers on Colors and Canvas when she isn't breaking them on the Keyboard. She is profoundly influenced by nature and the ethno-linguistically diverse Indian Subcontinent.

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