Parler is No More – Social Media Company Sold to Starboard and Shut Down
Parler has been acquired by a company named Starboard, which used to be known as Olympic Media, and they shut the site down and announced the acquisition out of the blue today.
To make a long story short, they have bought Parler for their massive email list that is estimated to be around 20 million emails, and their user based and will be trying to sell that user base products they offer, etc. Parler is done.
You can read the full statement below:
Alexandria, VA – April 14, 2023 – Starboard (Formerly, Olympic Media) announced today that it has concluded the acquisition of Parler, the world’s pioneering uncancelable free speech platform.
No reasonable person believes that a Twitter clone just for conservatives is a viable business any more. By refocusing on the cloud and IT infrastructure space George Farmer has done an exceptional job at successfully leading Parlement into a critically important industry where it has already begun to excel.
Starboard is the perfect home for the Parler brand and its longtime loyal users. “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. The team at Parler has built an exceptional audience and we look forward to integrating that audience across all of our existing platforms.” said Ryan Coyne, CEO of Starboard.
While the Parler app as it is currently constituted will be pulled down from operation to undergo a strategic assessment, we at Starboard see tremendous opportunities across multiple sectors to continue to serve marginalized or even outright censored communities – even extending beyond domestic politics.
Advancements in AI technology, along with the existing code base and other new features, provide an opportunity for Starboard to begin servicing unsupported online communities – building a home for them away from the ad-hoc regulatory hand of platforms that hate them.
The terms of the acquisition are not being disclosed although Starboard expects the deal to be accretive by the end of Q2 2023.
About Starboard: Founded in 2018 by Ryan Coyne, Starboard (Formerly, Olympic Media) is a digital media conglomerate that houses business lines focused on digital advertising, fundraising, publishing, and consumer brands. The publishing vertical has expanded aggressively with several recent acquisitions amounting to several-hundred million engaged content consumers annually. Starboard was named the 13th fastest growing company in the nation on the INC 5000, and the fastest growing in advertising / media in 2021. Starboard is based in Arlington, Virginia.
This article was originally posted on The DC Patriot.
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