Shervin Pishevar dozens of tweets within a 24 hour period. This was unusual as the venture capitalist had been relatively silent on Twitter for several months. However, as he explained in his first tweet, he had some thoughts on a financial storm that he sees brewing in the months ahead.
The Economy is in Trouble
The first thing that Shervin Pishevar mentions is that the stock market is in trouble. He anticipates a 6000 point drop in aggregate over the next several months. He then goes on to explain that he also sees interest rates on the rise as well as more deficits in credit accounts. He also identifies that the bond market isn’t as strong as everyone thinks that it is.
Shervin Pishevar made it easy to follow along in his thoughts on Twitter because of numbering all of the tweets. It is unclear as to whether he anticipated sending 50 from the very beginning, though he shares quite a bit regarding his thoughts on the economy.
There are Too Many Monopolies
Years ago, the United States dealt with Ma Bell, which was one of the strongest monopolies in history. Shervin Pishevar identifies that there are currently five monopolies in the United States that have even more power than the phone company of yesterday. These include Alphabet, otherwise known as the owner of Google, Facebook, Microsoft, Apple, and Amazon.
Shervin Pishevar expresses the importance of breaking this monopoly apart because they have access to too much data and have too much power. If startups that are on the level of Uber and Airbnb ever have a chance of success again in the marketplace, it is imperative that we as a nation take the monopolies down.
The sheer number of tweets sent over such a short period of time is what helped get his comments noticed and many people are already working to forge plans.
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