Twitter is a busy forum with many people sharing their opinions on multiple subjects. Only a few people can bring the platform to a momentary stand and keep a subject trending for hours. Shervin Pishevar is one such notable individual who brought the platform to a stand after releasing a few opinions and predictions on the U.S economy. These tweets were popularly branded the 21-hour tweet storm as they popped numerous questions, opinions, and controversies to the open.
The funder of Sherpa Capital, a well-known investment fund with contributions in Uber and Airbnb, brought his criticisms for the public to judge. In one of Shervin Pishevar’s string of tweets, he commented on the long-troubled U.S stock market. He tweeted that the markets would experience a massive drop of 6000 points in the coming months. This downturn in the stock market would be highly favored with the financial crisis in the country due to tax giveaways, inappropriate management of credit accounts, and hiked interest rates.
Although controversial, we cannot fail to acknowledge some evident truth in Shervin Pishevar stating that China’s economic growth would surpass the United States. He necessarily touched on their technological development, infrastructural growth, and growing manufacturing sector. Pishevar sited that these differences can be traced from poor management of projects and the failure of the U.S markets to accept immigrant talent and insightful investors.
We can see that from the dimming lights of Silicon Valley. Having been part of the Silicon Valley community in the past, Shervin Pishevar acknowledges the entrepreneur potential the center holds. However, due to a few bills failing to pass Silicon Valley and the potential it holds may be looking at an unfortunate turn of events. More talent that would be used to actualize solutions for the economy will continue to die.
Another factor that could be smothering the rise of new talent is the monopoly power held by five companies. These monopolies include Amazon, Microsoft, Apple, Alphabet, and Facebook. Shervin Pishevar suggests that if policies aren’t stipulated in time to help small startups find a footing, we would be welcoming a disaster that will last for ages.