Kanye West to buy controversial Parler social media platform

Kanye West, who is now known as Ye, is acquiring the Parler free speech platform, and this was confirmed on Monday, Oct. 17. The 45-year-old American rapper, singer, and record producer agreed to the deal and Parlement Technologies, the social media app's parent company, made the announcement.

The company said it had signed an agreement in principle to sell Parler to Ye, who is currently the wealthiest Black man in history. He made his fortune through music and various businesses, including his apparel line.

As per CNBC, by buying the conservative social media platform, Ye is taking a bold stance against censorship from major tech firms that have recently suspended his accounts due to the content of his posts. His move is expected to further lead the fight in forming an environment where there is no canceling and everyone is free to say what they think and feel.

West made headlines not long ago after posting some comments that were described to be antisemitic and provocative. In one of his posts, he touched on the long-standing antisemitic conspiracy theory that Sean "P. Diddy" Combs is being controlled by Jewish people. The billionaire's Twitter account was immediately shut down after saying he would go "death con 3 on JEWISH PEOPLE."

He is now unable to use both Twitter and Instagram then the news of his Parler buyout emerged. In any case, the financial terms of Ye's acquisition were not publicly disclosed.

"This deal will change the world, and change the way the world thinks about free speech," George Famer, Parlement Technologies' chief executive officer, said in a press release as he welcomes West as an ally in the battle to achieve free speech.

The CEO added, "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, he proves that he is one step ahead of the legacy media narrative. Parlement will be honored to help him achieve his goals."