The company behind the conservative social media app Parler announced on Thursday that Ye aka Kanye West will not be going through with purchasing it. In a statement, Parlement Technologies said: "This decision was made in the interest of both parties in mid-November."

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Both Twitter and conservative platform Parler censored an “N-word” comment from Ye, formerly known as Kanye West.

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On Tuesday, the trending topic #ParlerHacked went wide with folks on Twitter blasting the alleged incident although the founder claims none of the rumors are true