Parler App Rakes in $20 Million in New Funding
15:32 GMT 07.01.2022 (Updated: 13:27 GMT 06.08.2022)
© AP Photo / Christophe GateauThe website of the social media platform Parler is displayed in Berlin, Jan. 10, 2021. The platform's logo is on a screen in the background. The conservative-friendly social network Parler was booted off the internet Monday, Jan. 11, over ties to last week's siege on the U.S. Capitol, but not before hackers made off with an archive of its posts, including any that might have helped organize or document the riot.
© AP Photo / Christophe Gateau
Last year, Parler was re-launched under interim chief executive Mark Meckler after the self-proclaimed free-speech platform was taken offline amid the 6 January 2021 Capitol riot.
The social media app Parler’s revenues currently stand at $20 million in new funding, a filing with federal securities regulators has revealed.
Touching upon the matter, the news website Axios claimed the developments “matter” because they are “part of a growing effort by conservatives to build their own social media ecosystem”.
8 February 2021, 18:52 GMT
The claims come after Parler announced its return in mid-February 2021 following weeks of hiatus, saying it had migrated to the new host SkySilk, which in turn said in a statement that it “advocates the right to private judgment and rejects the role of being the judge, jury, and executioner”.
SkySilk pledged to “support Parler in their efforts to be a nonpartisan Public Square”.
The platform was earlier banned by Apple, Google, and Amazon, citing a lack of moderation after the media claimed Capitol rioters on 6 January used the app to coordinate their actions. The platform’s previous CEO Mark Matze was voted out by the board.
Up until the ban, the company had been enjoying an influx of users frustrated with major social media platforms suspending ex-President Donald Trump’s accounts for "incitement of violence” after the riots.
On 6 January 2021, a mob, including scores of Trump supporters, besieged the US Capitol in a bid to prevent lawmakers from certifying the 2020 election results, which the 45th president repeatedly denounced as "rigged" and fraudulent.
31 December 2021, 10:01 GMT
Crowds stormed the building, vandalising it, and clashed with police. Five people died as a result of the events and dozens more were injured, including at least 138 police officers.
Democratic lawmakers used the events at the Capitol to try to permanently ban Trump from politics by impeaching him for a second time. However, the impeachment trial failed in the Senate in February 2021, when Trump was already out of office.