Shervin Pishevar Warns of the Dangers of Monopolies

Early Uber investor and venture capitalist Shervin Pishevar shared a famous tweetstorm in February 2018. His predictions ranged from finance to technology and infrastructure. Pishevar’s words are valuable due to his extensive experience in the financial and technology markets. It is worth reading his predictions and mapping out how they perform over time.

Pishevar is especially concerned with the growth of inflation and possible economic stasis. He warns of the United States’s tendency to spread inflation around the globe. He also noted that the trade deals proposed by the current administration would continue to hurt the global economy. This prediction has proven truthful as demonstrated by the heavy trade tariffs imposed by the current administration.

Shervin Pishevar predicted a downturn in financial markets, sparked by a loss in bonds and Bitcoin. His stock market predictions have not quite come to pass as of the summer of 2018, but market trends continue downward. Bitcoin, in particular, has taken a significant hit.

Shervin Pishevar warned strongly against the dominance of the 5 major American tech monopolies. He stated that Apple, Amazon, Facebook, Alphabet, and Microsoft were stifling American innovation. He likened these five companies to “Ma Bell,” the dominant telephone company until its breakup in the 1980s.

“Breaking up Ma Bell unleashed many companies, and it was best for consumers. But these five Modern ‘Ma Bells’ have much more power than Ma Bell ever did… (They have) access to data that no sovereign (country) has.” He went on to state that “we might not see another Uber or Airbnb scale business for 10+ year(s) unless the Modern Ma Bells are restrained from their absolute power.”

Pressure from the five tech monopolies squashes innovation, according to Shervin Pishevar. New companies are increasingly founded overseas since the dominance of Silicon Valley has begun to fade.

Shervin Pishevar has a unique voice in the tech world. As a former venture capitalist, he funded the rise of many important companies such as Uber. With his finger on the pulse of the economy, he has shared valuable information about the future. It is worth keeping his predictions in mind as time passes.

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