Shervin Pishevar is one of the more outspoken billionaires in America today, regularly speaking on financial and economic topics – mostly through the social media outlet, Twitter. His track record, having gotten in early on a number of investments, including Dollar Shave Club, Airbnb, Uber, and Warby Parker, which have each proven to be very lucrative, allows him to utilize the platform in a manner that garners the attention of the business world. Recently, after taking a brief leave from Twitter, Shervin Pishevar returned to the platform in dramatic fashion, releasing a string of tweets that covered a myriad of topics, including the eventual fall of tech mainstays, Google and Amazon, as well as the failing infrastructure of America.
One of the most controversial topics that Shervin Pishevar touched on was the state of the US stock market, which he believes will suffer drastic losses amounting to a 6000 point drop over the next few months. While this prediction took many by surprise, most notably the President of the United States, Donald Trump, who has been a staunch proponent of the ascending nature of recent stocks, it didn’t take long for the world to see the effects of the prediction. The next day, due to massive sell-offs, the Dow Jones dropped 500 points in just a half-hour, while the S&P, bonds, and industrials looked shakier than ever. Shervin Pishevar immediately referenced the United States President by creating the hashtag, TrumpDump, which quickly caught fire across the whole of social media.
Shervin Pishevar also referenced the rise of innovation outside of the United States, more specifically, the rapid ascension of China. While the infrastructure of the United States continues to decay, places such as China have been booming. He would go on to mention that China managed to build an entire train station in just 9 hours, by employing a force of 1500 workers – a feat that is virtually impossible in today’s America. Much of America’s lag regarding innovation has to do with the shift in power regarding “the American Way,” as companies no longer have to be located in the US to create world-changing corporations.