Shervin Pishevar has earned a reputation for being a successful venture capitalist. He has been involved in a number of brands as an angel investor, including Uber and Dollar Shave Club. In February 2018, he initiated a tweet storm on Twitter, identifying a number of problems in the United States.
The tweet storm covered a total of 50 tweets across 21 hours. He identified the decline of the Dow Jones industrial average, discussing a 6000 point drop in aggregate. In less than a week after making this tweet, there was already a considerable drop.
Shervin Pishevar also discussed how the American dream was being lost as a result of too many monopolies. In addition to companies like Amazon and Microsoft buying up a number of startups, he also discussed how Silicon Valley is no longer simply a physical place. As we build the walls, we keep out immigrant talent, making it more difficult for the United States to hold on to their lead when it comes to technology.
Shervin Pishevar also pointed out how the United States is far behind when it comes to the speed of execution. An example he provided was how a train station was built in China in approximately 9 hours. That sort of thing would be impossible in the United States simply because of the antiquated infrastructures used when taking on such big projects.
Ultimately, Shervin Pishevar took to Twitter to point out some of the problems. He wants to make sure that people are well aware of what’s going on with the economy. When more businesses understand the problems, they can begin to rectify them. Only then can we get rid of dangerous monopolies and continue to see large startups like Uber and Airbnb thrive. Until then, the United States may fall further and further behind as the rest of the world evolves.
Billionaire and founder of An investing firm, Shervin Pishevar, recently went on what has been referred to as a tweet storm, releasing 50 tweets aimed to identify and to break down, a number of economic trends that he predicts will change the state of the global economy. Over the course of his career, Shervin Pishevar has correctly predicted a number of important financial changes regarding the stock market and has also been an early investor in several transcendent companies, including Airbnb and Uber.
Google and Amazon were two of the major conglomerates that Shervin Pishevar predicts will undergo a significant downturn in the near future. Many people are taking his predictions very seriously, as one day after going on the tweet storm, the market began to suffer tremendous losses, with the Dow declining at an alarming rate, and the S&P struggling to regain its footing. As a result, the markets began to panic, and historically safe bonds and industrials began to lose their security. In a half hour, a huge sell-off resulted in the Dow dropping 500 points, and Shervin Pishevar, referencing the constant bragging of President Donald Trump regarding the ascending nature of stocks in recent times, created the phrase, TrumpDump.
The first of Shervin Pishevar’s tweets came around 9 pm on February 5th, and he immediately began discussing the current state of U.S. markets, predicting that over the next few months, the U.S. stock market would suffer a 6000 point drop. Throughout the course of the tweet storm, he would elaborate further on his predictions, which seemed to give them more credence, particularly considering the fact that Mr. Pishevar had recently taken a hiatus from Twitter. Once Shervin Pishevar reached his 24th tweet, he touched on one of the most popular topics of recent economic debate – Bitcoin. In light of its recent decline, Mr. Pishevar predicted that the cryptocurrency would continue to drop consistently, before rising again at a stable pace over the next two years, which makes sense, as Bitcoin recently reached a price of 20k, before swiftly dropping back to a price of 8k.