The top executives in the tech industry don’t usually see one of their own deliver public criticisms. Shervin Pishevar, a famous Silicon Valley investor, took the technology industry to task in a tweet storm. An irony exists over Pishevar’s use of Twitter to sound alarms about a concentration of power among the top tech companies. Pishevar made the shocking recommendation that the government should break the top tech companies up. Shervin Pishevar believes invoking antitrust suits makes sense considering the current “all too powerful” state of Apple, Microsoft, Amazon, Facebook, and Google.
The tweets come from someone of prominence. Shervin Pishevar runs an Investment company , a company that manages $650 million in assets. He’s a significant player in the tech world thanks to his significant venture capital endeavors. Currently, he spends a great deal of time trying to make the Virgin Hyperloop One a success. If successful, Hyperloop One could revolutionize transportation.
Most would expect Pishevar to play “go along to get along” with others in the technology industry. Such is not the case as he sees too many inherent problems with an all-powerful Silicon Valley. He brings forth an insider’s perspective of concern. Whether government regulators listen to his concerns is unknown.
The 21-hour tweet storm presented a basket of controversy with the tech industry-centric tweets alone. Shervin Pishevar, however, did delve into other intriguing opinion pieces.
Probably the most incredible statement is Pishevar’s contention the stock market can’t avoid a collapse. He expresses the belief that the stock market could face a loss of 6,000 points. Even though more than a year has passed since he made the initial prediction, Pishevar’s opinions about the market have not become optimistic.
The financial imagery painted in the tweet storm heralds many warnings. Pishevar suggests both Bitcoin and the bond market will experience much pain. He does suggest the gold market could spike, but inflation becomes a possibility as well.
Shervin Pishevar’s tweet storm remains something worth revisiting. Staying on top of his current tweets could be worthwhile as well. Pishevar does follow through on themes mentioned previously.