Shervin Pishevar, a venture capitalist known for being an early investor in several hot tech companies, recently expressed his concern about the monopolies taking place in the United States. Shervin expressed his concern using Twitter and sent out dozens of tweets in less than 24 hours.
A monopoly is identified as exclusive possession or control in a particular commodity or service. Shervin Pishevar identifies that Amazon, Facebook, Microsoft, Alphabet, and Apple all have monopolies in the United States. He goes as far as comparing them to Ma Bell and says that they are more dangerous than the telephone company because of the amount of data that they have access to.
One of the more concerning aspects is that the monopolies are growing. They are gaining more power because they are buying many of the startups that enter the marketplace. Shervin Pishevar refers to these as silent assassinations. Essentially, any startup that shows any level of competitiveness and innovation is purchased by one of the monopolies, which only gives the monopoly additional strength.
Shervin Pishevar doesn’t offer any solutions as to how to strip the monopolies of their power. The only warns that it’s necessary for the monopolies to be broken up, similar to Ma Bell. By doing so, it will allow more businesses to enter the marketplace. More businesses will ultimately be what is healthier for consumers.
As it stands right now, the monopolies have access to more data than any sovereign. Additionally, cities are crying out for Amazon and the other monopolies. The government is also allowing the monopolies to continue. View More Information Here.
Shervin Pishevar has over 91,000 followers. His tweets have been mentioned on countless blogs and many people have retweeted, which ensures that more and more people are learning about the monopolies and the concern that needs to be discussed in one way or another.