Shervin Pishevar’s 21-Hour Tweet Storm
Shervin Pishevar is an entrepreneur, venture capitalist, and super angel investor. He has invested in companies that include Uber and Airbnb. He is also the co-founder and former manager of Investment company and a co-founder and former chairman of Hyperloop One. Before his 21-hour tweet storm, his last tweet was on December, 17, 2017. In February, he continuously tweeted for 21 hours regarding topics that include Silicon Valley, the stock market in the United States, immigration, and inflation.
The United States Stock Market and the Looming Financial Storm
Shervin Pishevar started his tweet storm by discussing his predictions about the looming financial storm in the United States. At the beginning of February, the stock market in the United States was unstable. He explained that central banks would rely on stocks in the past to get through these times. However, Mr. Pishevar stated that this strategy is no longer effective because it has been overused. He predicted that the stock market will fall more than 6,000 points in 2018. According to the investor, there are a number of factors to blame for the looming financial storm in the country, which include tax giveaways, higher interest rates, and problems with credit accounts.
The Problem With Silicon Valley
When it comes to Silicon Valley, Mr. Pishevar stated that the United States has lost its exclusivity. He believes that there is no longer the plethora of talent, ideas, and entrepreneurial force that was seen in the past. He stated this would have a negative impact on economic growth in the United States.
The Five American Monopolies
Shervin Pishevar also stated that Amazon, Microsoft, Alphabet, Apple, and Google are the five big monopolies in the United States. According to Mr. Pishevar, these monopolies are buying out more startup businesses, which will be detrimental to the United States economy. He was also critical of the American system for turning a blind eye to the activities of the five major monopolies.