Shervin Pishevar Speaks Out About Monopolies Such as Amazon
A few months ago, Shervin Pishevar decided to send out a few tweets regarding predictions and thoughts about what’s going on with the economy and other topics. The tech investor had a lot to say, sending out 50 tweets in under 24 hours. One of the things he took up several tweets with was the monopolies in the United States.
Shervin Pishevar identified five monopolies that have too much power:
At the top of the list is Amazon. Shervin went as far as comparing them to Ma Bell, a telephone company that held a monopoly in the United States for years. He warns that the five that we’re dealing with now are even more powerful, which makes sense.
Within months of Shervin Pishevar identifying the power that these monopolies have, including Amazon, there was news on Amazon. Alexa, the virtual assistant built into Amazon products such as Echo, was believed to be listening in on conversations. There was also a significant amount of fear as to what it might be recording and who was listening to the conversations.
While Amazon has done well at explaining that Alexa only records in order to carry out the tasks being requested, people are still hesitant to trust that Amazon isn’t using all of its power for bad.
What I look for founders and teams:
— Shervin Pishevar (@shervin) June 26, 2018
Additionally, there are a lot of businesses going out of business, including Toys R Us, that is naming Amazon as the reason why. The online superstore has even begun conversations about putting physical stores around the country to make it easier for people to get things.
How much power is too much power? Shervin Pishevar has brought up an interesting topic about the monopolies. If they are going to be allowed to wield the level of power that they are, when will we finally reach a point where they have too much power?