Aswath Damodaran Drops Some Truth Bombs

Renowned finance professor and investor Aswath Damodaran recently took to Twitter to drop some truth bombs about the current state of social media. In a series of tweets, he discussed the idea that Elon Musk’s proposed “free-speech platform” is not going to happen, and that Twitter is not a magical place that Musk will ruin. Instead, it’s where people come to listen to deranged conversations on trivial issues. Damodaran began his thread by saying that there will be no pure free-speech platform, as Musk has suggested. He went on to explain that while freedom of speech is an important right, it cannot exist in a vacuum without rules or regulations. He pointed out that any platform must have rules and regulations in order for it to be successful, as well as an enforcement system in place for when those rules are broken. Without these components, he argued, any attempt at creating a “free-speech platform” would fail. The professor then shifted his focus from the theoretical implications of free speech platforms to the reality of Twitter itself. He stated that while many may view Twitter as a magical place full of interesting conversations and debates, it is actually filled with deranged conversations on trivial issues. He argued that this is why so many people flock to the site - because they want something entertaining rather than something meaningful or productive. In conclusion, Damodaran made it clear that although freedom of speech should always be protected and respected online, there must also be limits placed on what can be said or done in order for any platform to remain successful and safe for its users. His tweets sparked an interesting discussion among his followers who agreed with his points but also offered their own insights into how free speech could work online without compromising safety or quality content standards.