He isn't saying it shouldn't have moderation, but that the moderation should be based on what the law actually says in terms of what is considered free speech & what isn't.
There are lots of examples of Twitter not abiding by lawful free speech rules when it came to banning users or blocking posts.
But that is all worthless if he can't make money with it. I think there is potential, but it needs to be done the right way. One big thing I think that will happen is cutting 25% of the staff. For a platform that is pretty crappy, it sure has a lot of employees.
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