“This decision was made in the interest of both parties in mid-November,” the corporate stated in a press release. “Parler will continue to pursue future opportunities for growth and the evolution of the platform for our vibrant community.”
Parlement Technologies and Ye had introduced plans for the deal in October. At the time the corporate stated it anticipated the deal to shut through the fourth quarter of 2022.
Ye has been criticised in current months for making anti-Semitic remarks. On November 22, he dined with former US President Donald Trump at Trump’s personal membership in Florida together with Nick Fuentes, a distinguished white supremacist.
In September, Ye terminated his partnership with attire retailer Gap Inc. German sporting items maker Adidas terminated its partnership with Ye in October.
Parler, which launched in 2018, has been reinstated on Google and Apple Inc’s app shops after being eliminated following the US Capitol riots in January 2021.
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Parler is one among a number of social media platforms, together with Gettr, Gab and Truth Social, which have positioned themselves as free-speech options to Twitter Inc previous to its new possession beneath billionaire Elon Musk.