As An investing firm and Virgin Hyperloop One continue their ascending trajectory, the co-founder, Shervin Pishevar, who has made a living of picking winners in regards to his investments in startup companies, continues his streak of making bold predictions. After a brief respite from the social media platform, Twitter, Shervin Pishevar returned with a vengeance – delivering predictions on a number of economic circumstances that, if correct, will have a profound effect on the future of the United States’ economy.
The predictions came in the form of a “tweetstorm” that consisted of 50 posts, delivered over the course of a 24-hour period, and as soon as they were sent, the business world began taking heed. Of the tweets, a few of the standout posts consisted of a bleak prediction for the stock market, the eventual fall of the five US unicorns, the failing infrastructure of America, and the lack of innovation coming out of Silicon Valley.
According to Shervin Pishevar, the stock market is due to take a 6000 point plunge in the upcoming months, which came as a shock to many, as, in spite of the market’s recent struggles, 2017 proved to be a very prosperous time. The gains accrued in 2017 garnered the market significant favor in the eyes of many prominent businessmen, including the “Cheerleader-in-Chief,” President Donald Trump. As if on cue, the Dow Jones nosedived by 1000 points, 500 of those points dropping in under one hour. When discussing unicorns such as Amazon and Google, Shervin Pishevar expressed disapproval regarding the nature of their operation, due in part to their constant acquisitions, which have stymied upstarts, as well as their growing power, which is such that, they’ve begun influencing nation-states.
In Shervin Pishevar’s estimation, this immense amount of power will eventually bring about their ruin and they will fail, stating that “giants built on monopoly frameworks will fail. As they should.” The failing infrastructure of the United States is also an area of much concern, as, when compared to a number of rising powers around the world, is lacking significantly in regards to condition, as well as innovation.