Ye buys Parler; Elon plans to cut Twitter staff

There's a lot of social media ownership changing hands this year. Kanye 'Ye' West is buying Parler. Elon is buying Twitter and plans to cut 75% of staff.

Ye buys Parler; Elon plans to cut Twitter staff
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Photo by Merakist on Unsplash

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There’s a lot to unpack this week, so let’s dive in.

Kanye ‘Ye’ West wants to buy Parler

The theme of 2022 is rich American men want to purchase social networks. After having his amounts suspended on Instagram and Twitter for his antisemitic remarks, Kanye "Ye" moves you acquire the conservative social network, Parler.

Upon getting kicked off of Twitter and Instagram, Ye states:

When I got kicked off of Instagram and Twitter at the time, I knew it was time to acquire my own platform. People had talked about it and mentioned this idea for years, but enough was enough.

Parlement Technologies announced on Monday that they have entered into an agreement to sell Parler to Ye. The deal is expected to move quickly and close within Q4 of 2022.

Parlement CEO George Farmer states:

“This deal will change the world, and change the way the world thinks about free speech. Ye is making a groundbreaking move into the free speech media space and will never have to fear being removed from social media again. 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.”