The terms of the acquisition were not made public.
Founded in 2018, Parler became a popular Twitter alternative for “free speech” conservatives like conspiracy theorist Alex Jones and followers of the former president after he left office. The app faced intense criticism after the January 6 attack on the U.S. Capitol, when it was alleged some people used Parler to communicate plans for the riot.
to buy the app. The deal ultimately fell through a few months later because of West’s financial difficulties.Parler has faced some competition in recent years after Trump launched his own social network called Truth Social in 2021. It wasin an investor presentation that the app would attract 81 million users by 2026, but Truth Social is nowhere near that target. Right now the app has an estimated 5 million users.
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