Parler Announces That it’s Terminated Acquisition Negotiations with Kanye West

Kanye West is not going to observe in Elon Musk’s footsteps and purchase his personal social media platform, with Parler confirming at present that it has ended negotiations with West on a doable sale of the app.

The reasoning behind the choice shouldn’t be clear, however it presumably pertains to West’s continued sharing of his varied controversial opinions, throughout a spread of media shops, which has already resulted in him shedding a spread of sponsor and partnership offers, and decimated his web value.

Axios has reported that West’s monetary state of affairs, because of these impacts, has performed at the least some function within the dissolution of the Parler deal.

West initially introduced his intention to amass Parler again in October, saying on the time that he wanted to purchase his personal platform with the intention to share his unfiltered opinions with the world.

“Individuals had talked about it and talked about this concept for years, however sufficient was sufficient.”

Within the weeks main as much as that announcement, West had been suspended from each Instagram and Twitter after intentionally pushing his limits on each by sharing offensive, anti-Semitic remarks. That then led West to Parler, and with Elon Musk transferring to take over at Twitter, West noticed a possibility to additionally play a component in what he noticed as a broader shift in the direction of permitting extra free and open speech.

However now, West is transferring on – although he’ll proceed along with his 2024 Presidential run, apparently.

West has additionally seemingly pinned his hopes on Musk for a future reformation of social media moderation guidelines.

Not less than, I believe that’s what this implies.

The announcement leaves Parler in a lower than sure predicament, because it continues its efforts to develop a extra sustainable enterprise mannequin with the intention to keep operation as a free speech platform.

Within the wake of the Capitol Riots, Parler was nearly killed off solely when each Apple and Google eliminated the app from their respective shops due its lax moderation insurance policies, which they stated had allowed too many posts that inspired violence and crime. Amazon then additionally refused to host Parler on its web-hosting service resulting from repeated violations of its guidelines.

Parler was ultimately in a position to save itself by rolling out extra moderation guidelines, in alignment with the necessities of every platform, which subsequently prompted a degree of angst amongst its core person base. Parler has since been discovered to be censoring sure posts, and eradicating sure customers, which has prompted additional criticism of the app, and with Elon taking on at Twitter, and promising a extra open strategy to what might be shared by way of tweet, it looks as if Parler’s days might certainly be numbered, particularly if Musk is ready to implement a major change in Twitter’s strategy.

Which may also be difficult. Simply as Parler needed to change its moderation strategy according to app retailer insurance policies, Twitter may also have to take care of its processes on the identical, which might impede Musk’s push to allow extra free and open speech within the app.

Elon’s trying to problem this, however once more, there’ll all the time be a degree of moderation required, which is able to possible all the time exceed what free speech advocates would like, given evolving guidelines in Europe and different areas.

And for Kanye, it looks as if his ambitions for proudly owning his personal social platform are actually shelved, at the least in the intervening time.