Photo Credit: Parler Blog
Kanye West is no longer buying the social media network Parler. Here’s what we know.
Following an absolutely unhinged performance yesterday on Alex Jones’s show, it seems even Parler is distancing itself from Kanye West. The social media company tweeted that it had agreed to cancel the deal with Kanye in a mutual decision.
“In response to numerous media inquiries, Parlement Technologies would like to confirm that the company has mutually agreed with Ye to terminate the intent of sale of Parler,” the statement on Twitter reads. “This decision was made in the interest of both parties in mid-November.”
“Parler will continue to pursue future opportunities for growth and the evolution of the platform for our vibrant community,” the statement concludes. The deal for the rapper to purchase Parler was announced in October, with the deal expected to close in Q4 2022. Now that deal is unraveling along with his Adidas and GAP partnerships.
Both companies re-evaluated their business relationship with the rapper in October 2022. Adidas released a statement on October 25 denouncing antisemitism and hate speech. “Ye’s recent comments and actions have been unacceptable, hateful, and dangerous, and they violate the company’s values of diversity and inclusion, mutual respect and fairness.”
Adidas says it expects a negative short-term impact of €250 million as it works to relaunch its designs without the attached Yeezy branding. “Adidas is the sole owner of all design rights to existing products as well as previous and new colorways under the partnership,” the company confirmed in that statement.
In an interview on December 1, Kanye West went on the Alex Jones ‘Info Wars’ show and praised Adolf Hitler and Nazis. “I like Hitler,” the rapper told Jones while wearing a black mask to conceal his face. “I love Jewish people, but I also love Nazis.” That interview follows a weekend of dining with former president Donald Trump and white nationalist Nick Fuentes.