Parler Shut Down by New Owner: ‘A Twitter Clone’ for Conservatives Is Not a ‘Viable Business’

“No reasonable person believes that a Twitter clone just for conservatives is a viable business any more,” Arlington, Va.-based digital media company Starboard said in announcing Friday that it had acquired Parler. The terms of the deal are not being disclosed; Starboard said it expects the deal to be accretive by the end of the second quarter of 2023.

Instead of continuing to offer Parler as a consumer-facing social service, Starboard said it would leverage Parler’s assets across its existing businesses as well as provide information-technology services to customers in “marginalized or even outright censored communities – even extending beyond domestic politics.

“Parler’s large user base and additional strategic assets represent an enormous opportunity for Starboard to continue to build aggressively in our media and publishing business,” Starboard CEO Ryan Coyne said in a statement. “The team at Parler has built an exceptional audience and we look forward to integrating that audience across all of our existing platforms.”

Founded in 2018 by Coyne, Starboard describes itself as a digital media conglomerate that houses business lines focused on “digital advertising, fundraising, publishing and consumer brands.” Coyne previously worked as an investment banking analyst at J.P. Morgan Chase, according to his LinkedIn bio.

Womp womp

Probably because Twitter is fulfilling that niche now thanks to Americas Richest Divorced Dad.

Go woke, go broke, as they like to say.

the_nerd_skull Good riddance

Considering the current state of Twitter, it's kind of redundant now.

'Instead of continuing to offer Parler as a consumer-facing social service, Starboard said it would leverage Parler’s assets across its existing businesses as well as provide IT services to customers' In other words, they will continue the grift, just not via social media.

wait was that the one where they kept trump? don’t shut it down he’ll come back!!!!

GO FASC BURN CASH

MUAHAHAHAHA!!!!

Go fasc and lose your cash.

MarzGurl Titanic 2

I guess the market has spoken

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Parler to be acquired by digital media company Starboard and temporarily pulled for a strategic reviewDigital media company Starboard, formerly known as Olympic Media, said Friday it has acquired Parler, the conservative social-media platform that was popular... Are you going to re-release it? Some have hundreds of thousands followers...will they be able to retain them if you have Parler back up?
Source: MarketWatch - 🏆 3. / 97 Read more »