Shervin Pishevar understands the technology industry. Uber and Virgin Hyperloop One represent only two significant tech endeavors Pisher contributed his talents. Don’t think he sees “all things tech” as good though.
The technology industry continues to be the bane of entrepreneur Shervin Pishevar. His complaints against the tech industry appear somewhat ironic. After all, he put so much time and effort into venture capital funding tech-oriented enterprises. Yet, he sees things as they are. Drawing from this experiences, he paints an accurate picture of the tech industry and its flaws. It doesn’t find the massive concentration of power in the big five tech company comforting. From his perspective, it makes sense that he stresses the importance of government oversight of technology ventures.
Shervin Pishevar also pushes the suggestion that the Justice Department utilize its antitrust powers to break up the top five tech corporations. Fans of Apple, Google, Facebook, Microsoft, and Amazon find themselves taken aback by the suggestion. They often remain enthralled at the tech companies and the products the companies produce.
However, end-user consumers aren’t usually involved business-wise with tech companies. A brilliant innovator launching a new app may wonder why there is pressure to constrict his/her growth in the market may have issues with the tech giants. Shervin Pishevar does note that tech success can exist outside the “Big Five” and Silicon Valley. Things may become easier if roadblocks were removed from the path of startups. Being forced to deal almost exclusively with five tech companies creates issues. What happens if you can’t get your app into the Apple store? Problems will ensue.
Ironically, Shervin Pishevar took his issues with tech companies public through Twitter. Pishevar went on a 21-hour tweet storm to discuss his troubles with the tech industry. Twitter won’t join the rankings of the five top companies any time soon though. Twitter’s fortunes don’t seem as bright.
Shervin Pishevar is not a name we have heard much of in 2018, but he has resurfaced with a tongue lashing ready for anyone who is present on Twitter. The entrepreneur who has associations with the Dollar Shave Club, Uber. Pishevar blew up the Twitterverse with more than twenty messages predicting what will become of the American stock market and how the world will change if we do not get competitive with China in Tweets in early February 2018.
One of the posts that held the most significance was one saying that the U.S. stock market would tumble at least five thousand points before slowly regaining ground. He also said that he felt that bitcoin would drop by more than half and then make a crawl back to normal. He attributes a higher interest rate, tax cuts, corporate breaks, and overseas competition as the primary reasons for the upheaval.
Bonds will not work anymore claims Shervin Pishevar. He says that even though these financial tools are effective, America has used these items too many times for them to hold any worth now. He feels that this situation will be like throwing buckets of water on a five-alarm fire. He kept tweeting and downing the interest rate changes saying that we are giving the world an financial problem. He feels that the issues will also extend to a major up and comer in the financial sector too causing the downfall of a good firm.
Shervin Pishevar says that the giant computer megalopolis has fallen and five giants have emerged including Amazon and Facebook. He says that “Silicon Valley” is more of an idea now instead of a physical location. He points out an example of how China is building transportation areas quickly, some in less than a day. Shervin Pishevar does point out a good thing about starter firms like SpaceX saying that they will come forward and excel. He even says that with a pitfall comes new glory and that the U.S. will bounce back, but to mark his words that tough days are coming for America.