Fired Parler CEO Was Stripped Of His Company Stake

NPR reports:

The power struggle that led to conservative social media site Parler abruptly firing its founder and CEO John Matze last month became so acrimonious that when Matze was sacked, he was also involuntarily stripped of his entire stake in the company, according to people familiar with Matze’s exit.

Matze became locked in a dispute with Rebekah Mercer, the Republican mega-donor and Parler co-founder, over how the platform should address inflammatory content.

The tug-of-war between the two founders came as Parler’s profile was on the rise, with a valuation approaching $1 billion and more than 12 million users, according to legal documents submitted by lawyers for Parler in a suit against Amazon.

Read the full article.