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Social Media Platform Parler Says Ye Will No Longer Buy Company

© Evan AgostiniIn this Feb. 9, 2020, file photo, Kanye West arrives at the Vanity Fair Oscar Party in Beverly Hills, Calif. On Monday, Oct. 18, 2021, a Los Angeles judge approved the request of the rapper, producer and fashion designer to legally change his name to just Ye, spelled Y-E, with no middle or last name.
In this Feb. 9, 2020, file photo, Kanye West arrives at the Vanity Fair Oscar Party in Beverly Hills, Calif. On Monday, Oct. 18, 2021, a Los Angeles judge approved the request of the rapper, producer and fashion designer to legally change his name to just Ye, spelled Y-E, with no middle or last name. - Sputnik International, 1920, 02.12.2022
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WASHINGTON (Sputnik) - Parlement Technologies announced that American rap artist Ye, formerly known as Kanye West, will no longer acquire the social media company.
In October, Parlement Technologies said it had reached an agreement in principle with Ye for the acquisition of its social media platform Parler, known for its lack of policing of right-wing opinions.

"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 company wrote on Twitter on Thursday. "This decision was made in the interest of both parties in mid-November.

Ye’s Twitter account was blocked following "anti-Semitic" publications. However, his account was reinstated in mid-November after Elon Musk became Twitter's new owner and CEO.
© AP Photo / Christophe GateauThe logo of the social media platform Parler is displayed in Berlin, Jan. 10, 2021
The logo of the social media platform Parler is displayed in Berlin, Jan. 10, 2021 - Sputnik International, 1920, 02.12.2022
The logo of the social media platform Parler is displayed in Berlin, Jan. 10, 2021
Parler, which describes itself as a free speech social platform, rose to prominence last year and proved popular among supporters of former US President Donald Trump, who was "canceled" on several platforms including Twitter. Parler attracted over 10 million users after the US presidential election but went offline in January 2021 as Google, Apple and Amazon suspended their services and accused it of hosting content that encourages violence.
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