Parler Shuts Down After Acquisition By Hedge Fund

April 14, 2023 Social Media, Trump cultists

Parler, a social media platform popular among conservatives, will temporarily shut down after being acquired by the hedge fund Starboard, the company said on Friday.

The acquisition comes months after the failure of a bid for the app’s parent company, Parlement Technologies, undertaken by Ye, the rapper formerly known as Kanye West.

Starboard pulled down the app as part of a “strategic assessment” but plans to relaunch the platform, the company said in a statement. “No reasonable person believes that a Twitter clone just for conservatives is a viable business any more,” Starboard said.

Read the full article. Parler’s CEO is Candace Owens’ husband. Many Capitol rioters were busted thanks to their boasting posts at Parler.

Parler is no more. pic.twitter.com/1kBbtmRSGm

— SSG_G (@TheParasiteGuy) April 14, 2023

Parler, a social network that was popularized by supporters of former President Donald Trump, has been sold to a buyer that plans to temporarily shut it down https://t.co/3kC7hC9hjl

— The Wall Street Journal (@WSJ) April 14, 2023