Kanye West buys right-wing social-media platform Parler

On Monday, the right-wing social-media platform Parler announced that it had an entered into an agreement to sell the company to West. Parler, whose chief executive, George Farmer, is married to Owens, was de-platformed from Google and Apple’s app stores in January 2021, following the siege of the Capitol.

Exact terms of the Parler deal weren’t disclosed, though Parler said it must still enter into a definitive agreement with West and expects to close in the fourth quarter. Parler’s parent, Parlement Technologies, would remain involved by providing technical services and cloud support.

Kanye has also made headlines recently for his social media outbursts..

Adidas, which produces West’s popular Yeezy shoe line, said in a statement last week that in light of his recent outbursts, “After repeated efforts to privately resolve the situation, we have taken the decision to place the partnership under review.”

West responded on Instagram, writing “F— ADIDAS I AM ADIDAS ADIDAS R**ED AND STOLE MY DESIGNS.”

West is one of few artists who has the resources to open his own retail stores, self-release albums and book sold-out gigs. Last year, Forbes estimated his net worth at $1.8 billion, derived mostly from his sneaker deal with Adidas