Was Shervin Pishevar picking on the technology giants during his last Twitter rampage? He may have just been pointing out the facts, but when Shervin Pishevar tweets, people tend to listen because he has made many wise gambles before. He currently invests his seed money in outer space programs, but in the past, he backed Airbnb, the house-sharing company, and Warbly Parker, a business that revolutionized eyewear. Was he calling out the big players and challenging them, or was it just a casual comment? You be the judge.
He tweeted about their business practices that might actually be their demise. Large companies, such as Microsoft and Google, have the financial means to buy out any smaller company or innovation that they feel poses a threat to them. This method certainly keeps them in charge, but it also takes away any competition. How will progress be made if new things are never allowed to enter the market place? This buying power hurts the stock market too. As mentioned, Pishevar made money by buying new and young businesses, but if these new businesses never even get to hit the stock market because they are all bought out, what will investors invest their money in? Are we reading too much in Shervin Pishevar tweets, or should we be taking a seasoned investor’s warnings and take action?
One tweet that covered these major technology players’ behaviors likened them to monopolies. Many years ago in the United States, one phone company ran all the lines in America. The federal government had to step in and break it apart. Shervin Pishevar gives us the impression that several of these companies are doing the same thing, but who is going to step in a break them up?
Shervin Pishevar uses Twitter effectively to bring up topics that most people might just prefer to ignore. He is not afraid to think aloud, which makes us all stop and think. We have to ask ourselves; in a few years, will we all wish we had heeded his Twitter warnings as he blasts off into space and builds more innovation up there?