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Ye moves to buy Parler, Truth Social tumbles
Posted on: October 17, 2022 at 18:53:24 CT
Ace AU
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According to Forbes, Monday's announcement that pro-Trump rapper Kanye West, also known as Ye, is acquiring the right-wing social media platform Parler sent the share price tumbling for the "blank check" company in charge of former President Donald Trump's own Twitter alternative.
"Shares of Digital World Acquisition Corp. (DWAC), the special purpose acquisition company with turbulent plans to merge with Truth Social’s parent Trump Media and Technology Group, fell 8% to $16.11 Monday as a new brash billionaire threw his hat into the conservative social media ring," reported Derek Saul. "West, who was booted from Instagram and Twitter last week after a rash of antisemitic comments, confirmed to Bloomberg his decision to buy Parler directly followed the bans, saying he 'knew it was time to acquire my own platform' and 'enough was enough.'"
"West was diagnosed with bipolar disorder in 2016 and has made numerous incendiary comments on social media in recent months," noted the report. "The 45-year-old threatened his estranged wife Kim Kardashian’s then-boyfriend Pete Davidson, and made several comments this month threatening violence toward Jews and reinforcing the stereotype of Jews holding a disproportionate amount of power."
West, who also befriended Trump in recent years and mounted an ill-fated third party run for president in 2020, stirred up outrage even from Trump's own allies with a tweet last week claiming he would go "death con 3" on Jewish people. Trump himself has privately said he worries West's behavior is too "crazy" and he should seek help.
Edited by Ace at 18:53:35 on 10/17/22
"Shares of Digital World Acquisition Corp. (DWAC), the special purpose acquisition company with turbulent plans to merge with Truth Social’s parent Trump Media and Technology Group, fell 8% to $16.11 Monday as a new brash billionaire threw his hat into the conservative social media ring," reported Derek Saul. "West, who was booted from Instagram and Twitter last week after a rash of antisemitic comments, confirmed to Bloomberg his decision to buy Parler directly followed the bans, saying he 'knew it was time to acquire my own platform' and 'enough was enough.'"
"West was diagnosed with bipolar disorder in 2016 and has made numerous incendiary comments on social media in recent months," noted the report. "The 45-year-old threatened his estranged wife Kim Kardashian’s then-boyfriend Pete Davidson, and made several comments this month threatening violence toward Jews and reinforcing the stereotype of Jews holding a disproportionate amount of power."
West, who also befriended Trump in recent years and mounted an ill-fated third party run for president in 2020, stirred up outrage even from Trump's own allies with a tweet last week claiming he would go "death con 3" on Jewish people. Trump himself has privately said he worries West's behavior is too "crazy" and he should seek help.
Edited by Ace at 18:53:35 on 10/17/22
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Ye moves to buy Parler, Truth Social tumbles - Ace AU - 10/17 18:53:24