Funding Alert

Right-wing social app Parler raises $20M in funding


According to SEC Filing, the conservative social media platform Parler  was shut down on June 6. The app, which claims to have more than 16 million registered users, describes its mission as  focusing on “protecting from the authority of big technology.” Big government and dismantling culture. ” The app also claims to be fair, but anti-hate organizations and researchers such as the Federation of Defamation Prevention and the Southern Poverty Law Center have misreported the vaccine because of Parlor’s role in the Capitol rebellion.

The parlor did not respond to requests for comment on new investors, but the filings state that the offer includes 10 investors who are not certified. The last fishing round (unpublished amount) was from Rebekah Mercer, a major Republican political funder. Mercer is listed in the filing as both an executive officer and a director. Seth Dillon, CEO of the conservative satirical site  Babylon Bee, is also listed as a director. The filing was first discovered by Axios, who has not yet received comments from the parlor.

Funding

The parlor became known around the time of the riots on January 6, last year, after social media companies such as Twitter and Facebook banned former President Donald Trump from joining the platform. These bans came into force after repeated warnings and were concerned that Trump was using his loyalty to thwart the president’s change of  power.  Inspired by Trump’s departure from mainstream social platforms, many of his supporters flocked to parlors who had less stringent community guidelines. The parlor, which took first place in the App Store a few days after the US Capitol attack, was removed from Google Play on January 8, 2021. Amazon and Apple immediately removed Parler from the platform because they violated our Terms of Service. The two companies said the app was used by Trump supporters and other far-right users to instigate violence and organize  plans to attack the Capitol.

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