At the beginning of February, venture capitalist Shervin Pishevar decided to go on to Twitter in order to identify his thoughts on several things. Amongst these were what he felt to be more dangerous than Ma Bell. Ma Bell was a monopoly in the United States that ran for decades before it broke up into smaller phone companies. It ended up being what was best for consumers and it allowed a large number of new companies to enter the marketplace.
Shervin Pishevar sent out several tweets regarding the monopolies in the United States. He identified these to be Facebook, Microsoft, Apple, Amazon, and Alphabet (the owner of Google). Each of these, in Shervin’s opinion, is a monopoly. Further, the United States government has allowed them to grow in order to have as much power as they currently have.
They have more power than Ma Bell, primarily because they are stifling startups. They also have more access to data than any sovereign has, which is dangerous all on its own. Shervin Pishevar identifies that the monopolies use their power overtly and covertly. It’s also easy to see cities begging for Amazon business. With the United States allowing these monopolies to rise and using cash abroad to repatriate their power, it will be difficult to take them down.
Shervin Pishevar sent out a total of 50 tweets, with almost a dozen of them having to do with the monopolies. He references Ma Bell on more than one occasion because everyone recognizes the phone company for being one of the greatest monopolies in the United States.
There is a warning in the tweets that the “robber barons” will destroy one startup after another. If the monopolies do not get their absolute power restrained, it may be difficult to see new tech startup companies appear, which can lead to a significant setback when it comes to innovation.
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