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This Article is From Jan 06, 2022

The Rise and Fall of Parler

STOCKS IN THIS STORY
Goenka Business & Finance Ltd.
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Cosco (India) Ltd.
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USD-INR
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MSCI World
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Pritika Auto Industries Ltd
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SAB Events & Governance Now Media Ltd.
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Lycos Internet Ltd.
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Space Incubatrics Technologies Ltd.
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Regency Investments Ltd.
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Lawreshwar Polymers Ltd.
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TMT (India) Ltd.
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Nifty Media
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During the 2020 U.S. presidential campaign, fact-checking and warning labels by big social media platforms prompted some users to try alternative apps like Parler, which promise less content moderation. But the Jan. 6 insurrection, Parler's use by the mob that ransacked the U.S. Capitol and its central role in the criminal investigation that followed proved its undoing. 

Building a successful social media platform is an increasingly unforgiving business endeavor. On this episode Bloomberg's The Breakdown, we explore how sites like Parler face an uphill battle in an environment where giants like Twitter and Facebook hold sway.

Watch More: How Lies and Algorithms Fueled the U.S. Capitol Insurrection

©2022 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

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