What is Parler’s stock price, and are they publicly traded? Investors cannot purchase shares of Parler because they are a private company. However, it’s one of the hottest social media apps in the market and is turning heads. And for a good reason, it prides itself in not suppressing or censoring any users’ speech, regardless of their political leanings. With conservatives flocking to it for its free speech promises, many wonder what the Parler stock price is. Also, other popular conservative social media platforms such as Rumble and GETTR?
Table of Contents
- Parler Introduction (No Stock Symbol)
- Is the Parler App Free?
- Paler Takeover
Parler Introduction (No Stock Symbol)
With Parler potentially taking social media by storm, what is Parler stock price? Right now, it’s $0 because it’s not a publicly traded company. However, keep an eye on it as it may become publicly traded as something different. More on that later.
Unlike Parler, there are a lot of other social media platforms that trade publicly. Off the top of my head, I can think of a couple right now that range from Pinterest (PINS) to Weibo (WB).
Some believe dominant Silicon Valley platforms have been out to censor conservative voices. For starters, look at the strict restrictions on conservative news outlets ZeroHedge and The Federalist for allegedly violating race-related policies.
Google straight out banned and demonetized ZeroHedge from advertising on its platform. But, in case you didn’t know, ZeroHedge was one of the first outlets to break the coronavirus’s story of lab origins.
Similarly, Google also announced they demonetized The Federalist for “violations.” Or what about Google’s attempt to crush Yelp?
Or is Twitter banning radical feminists who don’t believe transgender people are women? How about Facebook adjusting algorithms to hurt conservatives?
But there’s more to this than just censorship. For example, some have argued that these platforms don’t stop hate speech. Look no further than the July 2020 boycott of Facebook advertisements for proof.
However, this company is looking to change all of this. First, let me introduce you to Parler.
Key Takeaways on Parler Stock Price
- Parler is a social media app that promotes free speech and allows for honest, uncensored discourse among users.
- If you use Twitter, you know how to use Parler. Tweets are called “parleys,” and responses are called “echoes.”
- The Parlor feed flows chronologically—unlike Twitter’s algorithm-based one.
- They plan to use influencers to bring in money instead of ads on their platform.
- Unfortunately, there is no Parler stock price because it is privately owned.
What Is Parler?
Parler is an “unbiased social media” platform offering “free expression.” In other words, a conservative alternative to Twitter and Facebook without the handcuffs.
According to CEO John Matze, the idea is you boycott individual influencers whose content you don’t like, not necessarily us as a platform.
Since its inception in 2018, usage has soared to over 15 million users. You can thank the Trump administration’s supporters for driving most of the traffic to Parler.
What’s surprising to me is that approximately 80% of people reaching the Parler site use the site’s name as a keyword. Along the same lines, they share a considerable audience overlap with Gadgism, a technology news site that shares Parler’s politics.
I could go on, and that’s why platforms like Parler continue to grow and gain momentum. Likely this will put a dent in the pockets of tech giants Twitter and Google, who refuse to relent on silencing Americans’ voices.
If that’s the case, you could use divergence trading to trade Parler stock price if there was one.
Parler Announces a Declaration of Independence From Big Tech
Parler announced their “Declaration of Independence” from Big Tech in a groundbreaking move. What’s more, they’re creating a Bill of Rights for users.
Their end goal is to enable the free and permission-less use of the internet by all. While simultaneously outlining the grievances with the censorship and data abuses of Big Tech.
As part of a #TWEXIT campaign, Parler wants the original vision of the internet back. “It’s time to exercise our rights and Twexit.”
Yes, you read that correctly. A social media outlet declared independence from the Tech giants, which could be attractive to social media users.
As a result, if there were a Parler stock price, you could practice it in your paper trading account.
Is the Parler App Free?
Yes, the Parler app is free to download. However, they wanted to grow their app to rival or overtake Twitter and Facebook. As a result, they wanted to make their app as attractive to people as possible.
Dan Bongino Invests in Parler
Ex-Fox News contributor Dan Bongino announced his plan to invest in Parler by purchasing a stake in the platform. He wasn’t, however, able to buy Parler stock, but he did angel invest.
A glance at his website, and you’ll see why: “I’ve decided it’s time to fight back against the Tech Tyrants. I’m beyond fed up with the censorship and bias of Twitter and Facebook, and I won’t stand back and watch as they target us. So, as a result, I’ve taken an ownership stake in Parler, the hottest social media alternative in the market right now.”
One Social Media Stock to Buy Instead of Facebook and Twitter
Have you considered buying SNAP? With a 10% dip in price in the last few weeks, it could be an excellent buy opportunity. However, if investing long-term in SNAP isn’t for you, why don’t you try trading options on SNAP?
Many traders are drawn to options because they offer leverage and the ability to design neutral positions. In other words, you don’t need to predict direction 100% of the time. You only need to be a little bit right in the direction.
Perhaps another critical point regarding options is the limited risk. Unlike purchasing stocks outright and being unsure of your profit and loss, you know exactly how much you risk with options.
Parler went through quite a few ups and downs. In early 2021 the app was removed from all App stores before being readded in February 2021.
In April 2023, Parler was acquired by Starboard, a media conglomerate. They shut Parler down the same day they acquired it, April 14, 2023.
If you try to check it now, you’ll see a note that it’s currently down due to a”strategic assessment” of the platform.
If there was Parler stock, you could bet that the shutting down of Parler would affect the price. And maybe even halt it.
Parler Stock Final Thoughts
There is no Parler stock price right now. If Trump had been reelected, Parler could have flourished and even gone through a second round of funding. However, Trump lost, and Parler was bought out by Starboard and whet the way of Gab.
For those of you unfamiliar with Gab, they had to relaunch in 2019 after becoming too closely identified with hate speech.
If Parlor ever decides to go public, the Parler stock price remains to be seen. In the interim, you have several options for investing in social media platforms.