All articles tagged with #starboard
Activist investor Starboard disclosed a 9% stake in Tripadvisor, believing the shares are undervalued, leading to a 17% surge in the stock price. Starboard plans to engage with management to improve the company's valuation. The stake is valued at around $160 million, and the move reflects Starboard's active role in pushing for corporate changes.
Conservative social media platform Parler has been acquired by digital media company Starboard for an undisclosed amount and immediately shut down. Starboard plans to integrate Parler's audience across all of its existing platforms and assess how it can begin servicing unsupported online communities. Parler gained notoriety following the events of January 6th, 2021, but its popularity waned after Apple and Google removed its mobile app from their stores. Some users faithful to Parler were upset by Starboard's decision to abruptly close the platform.
Right-wing social network Parler goes dark after being acquired by digital media firm Starboard, which plans to retool and expand the platform into other business areas and provide services to "unsupported online communities." The acquisition comes after Parler faced backlash from tech providers like Amazon Web Services and a failed acquisition by Kanye West. Starboard aims to leverage Parler's "uncancelable free speech platform" to create a home for other like-minded digital players away from the ad-hoc regulatory hand of platforms that hate them.
Parler, the social media platform catering to right-wing users, has been shut down by its new owner, digital media company Starboard, which said that a Twitter clone just for conservatives is not a viable business. Instead of offering Parler as a consumer-facing social service, Starboard plans to leverage its assets across its existing businesses and provide IT services to customers in marginalized or censored communities. The acquisition gives Starboard an opportunity to build aggressively in its media and publishing business and begin servicing unsupported online communities. The terms of the deal were not disclosed.
Parler, a social media app catering to conservatives with low content moderation measures, will be taken down by its new owners, digital media company Starboard, for a strategic assessment. Parler faced a decline in usage after being pulled from mainstream app stores and Amazon's web hosting service. The app's traffic never reached its January 2021 peak after being restored to the app stores and finding a new web host. Ye, the rapper formerly known as Kanye West, had made a push to buy the app in October but the intent of sale was terminated in November.
Digital media conglomerate Starboard has acquired Parler for an undisclosed sum and will temporarily shut down the social media app to roll out a revamped version of the platform. Starboard plans to service "unsupported online communities" and build a home for them "away from the ad-hoc regulatory hand of platforms that hate them." Parler was reinstated on Google and Apple's app stores after being removed following the U.S. Capitol riots in January 2021.
Digital media company Starboard has acquired Parler, a social media platform that gained popularity among conservative users after the January 6 insurrection. Starboard plans to temporarily shut down Parler to launch a revamped version of the platform. Parler's previous acquisition agreement with Kanye West fell through. Starboard owns conservative-leaning platforms American Wire and BizPac Review and believes advancements in AI and new features will allow Parler to "begin servicing unsupported online communities." Parler is one of many free-speech alternatives to popular social media networks.
Parler, the social network popular among supporters of former President Donald Trump, has been sold to digital media company Starboard after an acquisition agreement with rapper Kanye West fell apart. Parler has been temporarily shut down while Starboard develops a plan to launch a revamped version of the site.