Kanye West to buy out Parler social media

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Updated October 19, 2022 | Published October 19, 2022

2 mins read

Kanye West agrees to in principle buyout of social media Parler in a “groundbreaking move for free speech”.

American entrepreneur, rapper, and media personality Kanye West has announced that he is buying Parler, a controversial media platform that was previously endorsed by former US President Donald Trump.

The news was shared on Parler with the media platform confirming that West has agreed to buy it “in principle”.

Ye, as West prefers to be known, has been a supporter of cryptocurrencies as has Parler. In fact, many see in this as an attempt for Ye to use his clout with audiences and to promote cryptocurrencies.

More so, Ye’s former partner, Kim Kardashian, recently settled a dispute with the US Securities and Exchange Commission over advertising cryptocurrencies.

https://twitter.com/parler_app/status/1581948432180449281

Ye is also supporting Bitcoin and cryptocurrencies through his attire and public appearances. He is looking to find a new place to express himself after both Twitter and Instagram suspended the rapper’s accounts over what they described as “antisemitic comments.”

Ye should be the new owner of Parler before the year is out. Parler has stirred a bit of controversy itself, having endorsed some of President Trump’s more extreme statements.

Meanwhile, Melania Trump attempted to launch an NFT collection earlier this year, but the whole thing flopped. Parlement Technologies, the company that owns Parler, had its CEO George Farmer comment on the deal.

Farmer said in a blog post that the deal will “change the world” and the way that the world thinks about “free speech”.

He insisted that Ye is making a groundbreaking move into the free speech media space. Whether this holds scrutiny will be known soon enough.

Looking for your next crypto casino? Check out: Bitcasino or FortuneJack.

Written by Alex

Reporter

Alex is a well-rounded crypto writer who focuses on general market and legal developments. His main interest lies in how crypto gaming can become a more permanent part of the gaming landscape and how blockchain holds benefits to players they are not even aware of.
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