Shervin Pishevar is a venture capitalist, super angel investor, and entrepreneur. He is also the co-founder of Investment company and Virgin Hyperloop One. A few companies that he has invested in are Uber, Dollar Shave Club, and Airbnb. In February, he took to Twitter after remaining quiet on the social media platform for a few months. His tweet storm consisted of 50 tweets and lasted 21 hours. During his number of tweets, he discussed the stock market, international business, Silicon Valley, and the influence American monopolies have on the country.
The Unstable Stock Market
Shervin Pishevar’s series of tweets occurred when the stock market was unstable at the beginning of February. According to Mr. Pishevar, the trouble with the stock market stems from tax giveaways, higher interest rates, and issues with credit accounts. According to the investor, the stock market in the United States will continue to fall. He predicted that the stock market will decline by 6,000 points in 2018.
When the stock market was turbulent in the past, central banks would stabilize the stock market with quantitative easing by using bonds. However, Shervin Pishevar stated that this would no longer be an effective way to stabilize the stock market because it has been overused.
During his tweet storm, Shervin Pishevar termed Alphabet, Microsoft, Amazon, Google, and Apple as the five major monopolies in the United States. He stated that the actions of these companies buying out more small businesses and startup businesses will cause the economy to fail in the United States. He also blamed the American system for ignoring the actions of the five major monopolies.
During his tweet, he noted that the United States has lost exclusivity. According to Mr. Pishevar, there is no longer the booming talent, ideas, and entrepreneurial drive that there once was in the United States. He explained that technological innovations are rapidly increasing all over the world, which isn’t a good sign for the short-term economic growth of the country.