According to a federal securities filing and reporting last week from Axios, conservative social media app Parler has obtained $20 million in funding as it continues its push as an alternative to Big Tech giants Facebook and Twitter.
While it's unclear who provided the funds, Rebekah Mercer, a Trump supporter and frequent donor to Republicans, was the founding investor of Parler and listed in the filing as a director and executive officer of Parler.
Seth Dillon, CEO of The Babylon Bee, was also listed as a new director.
Parler was created as part of an effort by conservatives to start their own social media platforms.
Other examples include GETTR, Rumble, and Truth Social, founded by former President Donald Trump. Truth Social is expected to launch on President’s Day.
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