Ye, the artist formerly known as Kanye West, has gained headlines in recent days after losing a contract with Adidas following a series of anti-Semitic remarks. Prior to that latest fallout, the rapper had been in talks to purchase social media platform Parler after his suspension from other outlets.
Resident tech expert Omar Gallaga joined the Standard to talk about the proposed purchase and discuss comparisons with the attempted purchase of Twitter by Elon Musk.
Highlights from this segment:
– Parler is the most popular among several social media outlets that have formed as a sort of haven for conservatives, but their user base is significantly smaller than giants like Facebook and Twitter.
– The $1.5 billion Adidas deal made of the bulk of Ye’s fortune, and its loss raises questions of whether the artist can even go through with the purchase of Parler.
– Big personalities like those of Ye and Musk taking over tech companies can lead to a loss of stability as employees feel less certain of their futures and markets react.