“In a world where conservative opinions are considered controversial, we need to make sure we have the right to express ourselves freely,” Yeh said in a statement.
The purchase resulted in several Parler questions being dismissed on Monday. Here’s what you need to know about the controversial social media platform.
What is a parlor?
Parler is an alternative social media platform popular among conservatives. Founded in 2018, Parler is marketed as “the premier global free speech platform.”
Parler is similar to Twitter’s TWTR, but
Users can create posts called “parleys” within the character limit. Parler users can also follow other users and interact in the comments section.
The company also calls itself a “solution to the problems that have surfaced in recent years due to changes in Big Tech.” This is a common line of thinking among some conservatives and Big Tech critics, and may refer to content moderation practices. The user has been suspended or removed from the platform.
Why are parlors controversial?
One of Parler’s main selling points is its lack of content moderation. This appears to encourage speech that other platforms may deem harmful.
Some posts on the Platform contain content including, but not limited to, anti-Semitism and conspiracy theories. New York Times NYT,
We compiled some of those posts into stories in 2020.
For example, Parler has authorized accounts associated with the QAnon movement. This is an American political conspiracy movement that makes several false claims on numerous topics that you can find here, while other social media his platform deletes her QAnon related accounts. We are taking steps.
Parler users must manually verify the facts of their posts.
“Anything you can say on the streets of New York, you can say in a parlor,” Parlor co-founder and then-CEO John Matze said in 2020.
Why are parlors prohibited?
In January 2021, Parler was banned from several mainstream social media hosting services following riots at the US Capitol, including the Apple AAPL.
and Google GOOG,
Google removed Parler’s mobile app from its app store for allowing posts that “incited ongoing violence in the United States.”
See also: Nike co-founder Phil Knight says he would do anything to keep Oregon’s governorship out of Democrat hands
Parler will relaunch in February 2021 after updating some of the company’s guidelines, and has since been revived by Apple and Google.
According to the Associated Press, Parler uses technology and human review to remove “threatening or inflammatory content.” They said a “community jury” led by Parlor employees will hear the appeal.
Who owns the parlor?
As previously mentioned, Ye has agreed to acquire Parler and the transaction is expected to close sometime in the fourth quarter.
The CEO of Parlement Technologies is George Farmer, husband of conservative activist Candace Owens.
Parler was founded by Rebekah Mercer and John Matze. Mercer is the daughter of billionaire Breitbart founder Robert Mercer.
Owens and Ye appear to be friendly as they have been photographed together at several events over the years, including when they wore matching outfits at a Paris fashion show in early October. looks like “White Lives Matter” T-shirt.
Ye was recently temporarily banned from Twitter and Meta META.
Instagram, which is owned by , has independently confirmed with Politico that it has repeatedly violated company policies.
He recently referenced an anti-Semitic conspiracy theory in a social media post that has since been deleted. He also used social media to criticize Kim Kardashian, who filed for divorce in 2021.
What is the parlor worth?
The terms of Ye’s agreement to acquire the company are not yet known. The Nashville-based company has raised about $56 million to date, according to Reuters.
Parler claims to have over 16 million registered users as of September 2022, but far fewer active accounts.
TechCrunch reports that Parler has 250,000 monthly active users on iOS and Android. On Facebook he has over 2.9 billion monthly active users and on Twitter he has over 200 million of his monetizable daily active users (mDAU). Twitter stopped reporting his monthly active users in 2019.
Who is at Parler? Is Trump involved?
Despite Parlor’s popularity among conservatives, former President Donald Trump is not an active user of the platform. There is a Team Trump account for the former president’s campaign, but it hasn’t posted in over a year.
Ye has publicly voiced his support for Trump over the years, and met him in the Oval Office in 2018.
Trump is a user of another social platform called Truth Social, the platform he helped launch in 2022.
After losing the 2020 presidential election, Trump was banned from several social media platforms, including Facebook, Twitter, Instagram, Snapchat and YouTube, over posts about voter misinformation and Capitol riots. .
Neither Parlor representatives nor Trump’s office responded to MarketWatch’s request for comment on the matter.
See also: Trump decided months before the election to declare victory if he loses, says former campaign manager Brad Parscale
The Parler platform has many high-profile users, including Senators Rand Paul and Ted Cruz, and Fox News host Sean Hannity.
Not surprisingly, Ye joined Parler the same day the acquisition was announced.
Is Parlor a publicly traded company?
Parler and its parent company, Parlement Technologies, are not listed on any stock exchange and do not have ticker symbols.
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