TWTR stock is up and is trading at $50.74 as of 12:24 PM EDT.
Kanye West agreed to purchase an app for conservative social media. After making anti-Semitic comments that got him kicked off Twitter (NYSE:TWTR) for a few weeks, Parler. In a statement released on Monday, Parlement Technologies and Ye, who used to be known as Kanye West, said that they had reached an agreement in principle to sell Parler.
In a society where conservative ideas are seen as dividing, Ye said in the statement we must make sure we have the freedom to say what we want. Elon Musk, the CEO of Tesla, will spend $44 billion by the end of the month to buy Twitter (NYSE:TWTR), even though he tried to back out of the deal at first.
Elon Musk, the CEO of Tesla, will spend $44 billion by the end of the month to buy Twitter (NYSE:TWTR), even though he tried to back out of the deal at first. After being removed from the network last year and launching his own social media program called Truth Social, Musk has already stated that he would reinstate former president Donald Trump. SPAC Digital World Acquisition (NASDAQ:DWAC) is facilitating Trump’s social media company’s IPO.
Parler and West are likely to reach a firm agreement to buy, and the deal should close in the fourth quarter. In the agreement, Parlement would say that it would provide ongoing technical support and let private cloud service providers use the infrastructure of its private cloud and data center.
Last month, Google (GOOGL) decided to put the software Parler back in its Play Store. Google said at the time that Parler had agreed to change its app so that content could be moderated and posts that might encourage violence could be taken down. The Play Store has prohibited Parler since January 2021.
After a de-SPAC last month, video platform Rumble (NASDAQ:RUM), which some refer to as a conservative alternative to YouTube, became public. This news about Parler follows that. Since coming public a month ago, Rumble shares have decreased by 23% since coming public a month ago.
The Twitter Stock Surged On Reports That Large Equity Investors Would Continue To Support Musk’s Bid
Featured Image – Unsplash © rswebsols
Author Jowi Kwasu 
