Shervin Pishevar argues big tech monopolies should be broken up

Shervin Pishevar is one of the biggest names in Silicon Valley finance. As the CEO and founder of Sherpa Capital, he has been involved in the creation of some of the largest and most prominent tech companies of our time. Firms within which Shervin Pishevar has played a critical early role include Virgin Hyperloop, Uber and Airbnb. At the same time, Shervin Pishevar has been a notable entrepreneur in his own right, personally founding such tech giants as Ionside, Social Gaming Network and WebOS.

In what little spare time he has, Shervin Pishevar also ministers to his more than 100,000 Twitter followers on the fate of the nation’s economy. One of the recurring themes of Pishevar’s missives is the pernicious role that tech monopolies continue to play in stifling innovation and passing higher costs onto consumers. He has been sounding the alarm about the ever-increasing power of firms like Apple, Google, Amazon, Facebook and Microsoft for over a decade.

In a recent 21-hour tweet storm, Pishevar continued to harangue these firms and offer potential solutions to the dire problems that they pose. One of the most serious issues that Pishevar has identified is the fact that these companies, even on an individual level, now enjoy far more monopolistic power than even Ma Bell had in its heyday. Pishevar identifies one area, personal data, as being perhaps the scariest aspect of these companies’ power over nearly everyone in the country. Pishevar believes that personal data belongs to the people who it references. He says that continuing to allow massive tech companies to freely traffic in their customers’ data will eventually lead to serious infringements on not only free enterprise but personal freedom.

Pishevar says that the most obvious solution to the menace of tech monopolies is to encourage government intervention to break these firms up. In much the same way that Ma Bell was fractured by government action into many different regional concerns, Pishevar says that a similar process must be carried out against our modern giant monopolies. Failure to do so, he says, will lead to further stifling of innovation and could ultimately lead to serious losses of freedom.

https://twitter.com/shervin