New: Parler shuts down temporarily after sale to Starboard

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Excerpt WSJ wsj.com

Parler, a social network that was popularized by supporters of former President Donald Trump, has been sold to a buyer that has temporarily shut it down.

Parent company Parlement Technologies Inc. said it has sold Parler to digital-media company Starboard, months after an acquisition agreement with rapper Kanye West fell apart. The platform went offline Friday while Starboard, which recently changed its name from Olympic Media, develops a plan to launch a revamped version of the site.

“It’s going to take a breath of fresh air,” said Ryan Coyne, chief executive and founder of Starboard, which owns conservative-leaning news sites such as American Wire News and BizPac Review.

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