Shervin Pishevar’s 21-Hour Tweet Strom
After Shervin Pishevar stayed quiet on Twitter for three months, many of his followers noticed his absence on the social media platform. Shervin Pishevar is an Iranian-American investor, venture capitalist, and entrepreneur. He has invested in companies that include Airbnb, Uber, and Muchery and is the co-founder and former chairman of Hyperloop One. He is also the co-founder and former manager of Investment company.
What Were his Tweets About?
The stock market suffered from a devastating blow in February. According to one of Mr. Pishevar’s financial predictions via twitter, the stock market will face additional plunges for a total of 6,000 points in 2018. He also stated that specific factors caused the stock market to plummet. These factors include tax giveaways, issues with discrepancies regarding credit accounts, and increased interest rates.
Previously, central banks would use bonds to stabilize the stock market during uncertain times, but Shervin Pishevar stated in his tweets that this will not be effective with the current situation because this strategy has been used too often in the past.
He also stated that the United States has lost exclusivity. According to Shervin Pishevar, the country has lost the monopoly of ideas, talent, and entrepreneurial drive that had a positive effect on the economy. He also stated that technological innovations are now growing all over the world, which will also have a negative influence on the growth of the United States economy.
During his 21-hour tweet storm, he also named Amazon, Alphabet, Google, Microsoft, and Apple as the five major United States monopolies. According to his tweets regarding this topic, the increase of these monopolies buying out startup businesses will cause the United States economy to fail. In addition, he also criticized the United States system of turning a blind eye to the actions of these five monopolies.