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.

http://www.gcreport.com/twitter-storm-shervin-pishevar/

Stream Energy: Helping the Public in Times of Need

Stream Energy is a company that provides quality energy at a low price. The company is headquartered in Dallas, Texas, and they are presently expanding their presence in the Northeastern states of the US. The company is supplying these states because of the rising demand for energy, especially during the winter months when more heat is required. The company was established by Rob Snyder and Pierre Koshajki in August 2004, and their primary objective was to bring affordable energy to all households in the United States. They initially focused on serving the state of Texas, but they were later on allowed to expand their services to other states. Delaware is the latest state to be included in the areas that they are servicing, making the local population happy. The people from Delaware are thankful to Stream Energy because of the affordable energy that they provide, comparing the prices from large corporations which they claimed to be unreliable.

Aside from expanding their presence in other states, the company is also focusing on doing philanthropic activities, being involved in a lot of relief operations for people who have been victimized by natural disasters. When Hurricane Harvey hit the eastern coast of Texas, communities built along the coast were wiped out. Cities within the state were flooded, destroying properties along the way. Stream Energy, through its philanthropic arm called Stream Cares, mobilized its rescue units, providing relief goods to the survivors and offering assistance in repairing their homes. Stream Cares also handed out cash donations to charities and institutions that are helping those who were fallen victims to Hurricane Harvey.

Most of the states that were devastated by the hurricane now lack power, and Stream Energy promised to provide them with the energy that they needed for a lower price. According to Stream Energy, they are doing their best in helping the people who experienced the wrath of the hurricane. They stated that it is embedded in the company’s values to reach out during the times of disasters. Stream Energy also has employees whose properties have been destroyed by the hurricane, and they also reached out to them and provided them with assistance.

https://www.uschamberfoundation.org/organization/stream-energy