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Kanye West, the superstar rapper who has made several inflammatory and antisemitic comments in recent weeks, has agreed in principle to buy conservative social media platform Parler, the app’s parent company said in a statement Monday.

“In a world where conservative opinions are considered to be controversial we have to make sure we have the right to freely express ourselves,” said West, who now goes by Ye, in a statement released by Parler.

The move comes after Ye was locked out of his Twitter and Instagram accounts for making antisemitic remarks. In one post, Ye played into a long-standing antisemitic conspiracy theory that fellow rapper Sean “Diddy” Combs is being controlled by Jewish people. On Twitter, meanwhile, Ye’s account was restricted after he said he would go “death con 3 on JEWISH PEOPLE.”

A representative for Ye didn’t immediately respond to a request for comment.

Ye’s net worth is reportedly $2 billion. Much of his fortune comes from from his Yeezy sneakers brand and partnerships with Gap and Adidas. However, Ye severed business ties with Gap recently, and Adidas said it’s also reviewing its business relationship with him. JPMorgan Chase also cut ties with the rapper.

Parler is one of several right-wing-friendly platforms to emerge during the Donald Trump era, as the former president’s supporters claim unfair treatment by Twitter and other apps. There’s also Gettr, which is run by former Trump advisor Jason Miller, and Trump’s own app, Truth Social, whose parent company is under federal investigation as it seeks to go public. Conservative-friendly video platform Rumble went public last month.

Parler was swept in controversy last year over the role it played in the Jan. 6, 2021, riots at the Capitol building. That led a slew of tech companies, including Google and Amazon, to blacklist the service, rendering its app and website inaccessible.

In September, however, Google reinstated the app on its Play Store, stating the company modified some of its content moderation policies and enforcement. Apple restored the app on its App Store platform in April 2021.

Parler has sought to reduce its dependence on technologies from other firms by establishing its own cloud infrastructure in-house. The company set up a new parent company in September, called Parlement Technologies, aimed at providing its own cloud service for online business. “The future is uncancelable,” the company said at the time.

Ye and Parler’s parent company expect to finalize the deal before the end of the year, the company said. The terms of the deal include technical support for Parler from its parent company, as well as the use of its private cloud services, according to the Monday announcement.

After Ye’s suspension from Instagram, the rapper turned to Twitter, posting for the first time since 2020. “Look at this Mark How you gone kick me off instagram,” he wrote, referring to Mark Zuckerberg, the CEO of Instagram parent Meta.

Elon Musk, a friend of Ye’s, responded saying: “Welcome back to Twitter, my friend!”

Ye was then locked out of his Twitter account for a violation of its policies, after which Musk tweeted he had talked to Ye and “expressed my concerns about his recent tweet, which I think he took to heart.”

Musk is currently pursuing an acquisition of Twitter. That takeover was revived last week after the Tesla CEO said he would buy the social media platform at the $54.20 a share price they initially agreed on back in April. The billionaire, who calls himself a “free speech absolutist,” has said he wants to make Twitter a “digital town square” that promotes free expression.

Commenting on the agreement Monday, Parlement Technologies CEO George Farmer said it “will change the world, and change the way the world thinks about free speech.”

“Ye is making a groundbreaking move into the free speech media space and will never have to fear being removed from social media again,” Farmer said in a statement. “Once again, Ye proves that he is one step ahead of the legacy media narrative. Parlement will be honored to help him achieve his goals.”

Farmer is married to the American conservative activist Candace Owens, one of Ye’s advocates on social media. He is also the son of Michael Farmer, a British Conservative politician who sits in the upper chamber of the British Parliament.

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Amazon launches fixed pricing for treatment of conditions such as hair loss. Hims & Hers stock drops 15%

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Amazon launches fixed pricing for treatment of conditions such as hair loss. Hims & Hers stock drops 15%

A worker delivers Amazon packages in San Francisco on Oct. 24, 2024.

David Paul Morris | Bloomberg | Getty Images

Amazon on Thursday announced Prime members can access new fixed pricing for treatment of conditions like erectile dysfunction and men’s hair loss, its latest effort to compete with other direct-to-consumer marketplaces such as Hims & Hers Health and Ro.

Shares of Hims & Hers fell as much as 17% on Thursday, on pace for its worst day.

Amazon said in a blog post that Prime members can see the cost of a telehealth visit and their desired treatment before they decide to proceed with care for five common issues. Patients can access treatment for anti-aging skin care starting at $10 a month; motion sickness for $2 per use; erectile dysfunction at $19 a month; eyelash growth at $43 a month, and men’s hair loss for $16 a month by using Amazon’s savings benefit Prime Rx at checkout.

Amazon acquired primary care provider One Medical for roughly $3.9 billion in July 2022, and Thursday’s announcement builds on its existing pay-per-visit telehealth offering. Video visits through the service cost $49, and messaging visits cost $29 where available. Users can get treatment for more than 30 common conditions, including sinus infection and pink eye.

Medications filled through Amazon Pharmacy are eligible for discounted pricing and will be delivered to patients’ doors in standard Amazon packaging. Prime members will pay for the consultation and medication, but there are no additional fees, the blog post said.

Amazon has been trying to break into the lucrative health-care sector for years. The company launched its own online pharmacy in 2020 following its acquisition of PillPack in 2018. Amazon introduced, and later shuttered, a telehealth service called Amazon Care, as well as a line of health and wellness devices.

The company has also discontinued a secretive effort to develop an at-home fertility tracker, CNBC reported Wednesday.

— CNBC’s Annie Palmer contributed to this report.

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WikiLeaks whistleblower Chelsea Manning says censorship is still ‘a dominant threat’

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WikiLeaks whistleblower Chelsea Manning says censorship is still 'a dominant threat'

Chelsea Manning: Censorship still a dominant threat

Former U.S. Army intelligence analyst Chelsea Manning says censorship is still “a dominant threat,” advocating for a more decentralized internet to help better protect individuals online.

Her comments come amid ongoing tension linked to online safety rules, with some tech executives recently seeking to push back over content moderation concerns.

Speaking to CNBC’s Karen Tso at the Web Summit tech conference in Lisbon, Portugal, on Wednesday, Manning said that one way to ensure online privacy could be “decentralized identification,” which gives individuals the ability to control their own data.

“Censorship is a dominant threat. I think that it is a question of who’s doing the censoring, and what the purpose is — and also censorship in the 21st century is more about whether or not you’re boosted through like an algorithm, and how the fine-tuning of that seems to work,” Manning said.

“I think that social media and the monopolies of social media have sort of gotten us used to the fact that certain things that drive engagement will be attractive,” she added.

“One of the ways that we can sort of countervail that is to go back to the more decentralized and distribute the internet of the early ’90s, but make that available to more people.”

Nym Technologies Chief Security Officer Chelsea Manning at a press conference held with Nym Technologies CEO Harry Halpin in the Media Village to present NymVPN during the second day of Web Summit on November 13, 2024 in Lisbon, Portugal. 

Horacio Villalobos | Getty Images News | Getty Images

Asked how tech companies could make money in such a scenario, Manning said there would have to be “a better social contract” put in place to determine how information is shared and accessed.

“One of the things about distributed or decentralized identification is that through encryption you’re able to sort of check the box yourself, instead of having to depend on the company to provide you with a check box or an accept here, you’re making that decision from a technical perspective,” Manning said.

‘No longer secrecy versus transparency’

Manning, who works as a security consultant at Nym Technologies, a company that specializes in online privacy and security, was convicted of espionage and other charges at a court-martial in 2013 for leaking a trove of secret military files to online media publisher WikiLeaks.

She was sentenced to 35 years in prison, but was later released in 2017, when former U.S. President Barack Obama commuted her sentence.

Asked to what extent the environment has changed for whistleblowers today, Manning said, “We’re at an interesting time because information is everywhere. We have more information than ever.”

She added, “Countries and governments no longer seem to invest the same amount of time and effort in hiding information and keeping secrets. What countries seem to be doing now is they seem to be spending more time and energy spreading misinformation and disinformation.”

Manning said the challenge for whistleblowers now is to sort through the information to understand what is verifiable and authentic.

“It’s no longer secrecy versus transparency,” she added.

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SoftBank-backed fintech Zopa aims to double profit this year as it eyes 2025 current account launch

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SoftBank-backed fintech Zopa aims to double profit this year as it eyes 2025 current account launch

Jaidev Janardana, CEO of U.K. digital bank Zopa.

Zopa

LISBON, Portugal — British online lender Zopa is on track to double profits and increase annual revenue by more than a third this year amid bumper demand for its banking services, the company’s CEO told CNBC.

Zopa posted revenues of £222 million ($281.7 million) in 2023 and is expecting to cross the £300 million revenue milestone this year — that would mark a 35% annual jump.

The 2024 estimates are based on unaudited internal figures.

The firm also says it is on track to increase pre-tax profits twofold in 2024, after hitting £15.8 million last year.

Zopa, a regulated bank that is backed by Japanese giant SoftBank, has plans to venture into the world of current accounts next year as it looks to focus more on new products.

The company currently offers credit cards, personal loans and savings accounts that it offers through a mobile app — similar to other digital banks such as Monzo and Revolut which don’t operate physical branches.

“The business is doing really well. In 2024, we’ve hit or exceeded the plans across all metrics,” CEO Jaidev Janardana told CNBC in an interview Wednesday.

He said the strong performance is coming off the back of gradually improving sentiment in the U.K. economy, where Zopa operates exclusively.

Commenting on Britain’s macroeconomic conditions, Janardana said, “While it has been a rough few years, in terms of consumers, they have continued to feel the pain slightly less this year than last year.”

The market is “still tight,” he noted, adding that fintech offerings such as Zopa’s — which typically provide higher savings rates than high-street banks — become “more important” during such times.

“The proposition has become more relevant, and while it’s tight for customers, we have had to be much more constrained in terms of who we can lend to,” he said, adding that Zopa has still been able to grow despite that.

A big priority for the business going forward is product, Janardana said. The firm is developing a current account product which would allow users to spend and manage their money more easily, in a similar fashion to mainstream banking providers like HSBC and Barclays, as well as fintech upstarts such as Monzo.

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“We believe that there is more that the consumer can have in the current account space,” Janardana said. “We expect that we will launch our current account with the general public sometime next year.”

Janardana said consumers can expect a “slick” experience from Zopa’s current account offering, including the ability to view and manage multiple account bank accounts from one interface and access to competitive savings rates.

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