Shervin Pishevar Predicts a Looming Financial Crisis in the Near Future

The founder of Sharper Capital, Shervin Pishevar, has been expressing his views on several aspects concerning the current status of the economy and technology in the United States. He is a highly opinioned person who has knowledge and experience on what he says. This is because he is a shrewd investor has experienced transformation in both technological and financial fields through hands-on experience. In his 21-hours twitter extravaganza, the Uber investor has highlighted some detailed information which seems to be backed from verifiable data.

In one of his Twitter messages, Shervin Pishevar, notes of the looming financial crisis that is likely to face the United States financial industry and the stock market at large. This is not a point to ignore as serious turbulent issues have been experienced over the last and beginning of this year which is a warning of things to come. Surprisingly, the co-founder of Virgin Hyperloop continues to highlight that turbulent in the stock market will continue for several months where people will lose their investments in the process. According to the venture capitalist, the New York Securities Exchange market will drop by 6,000 points, which is large enough to cause havoc in the industry.

Shervin Pishevar notes that one of the main causes of the looming financial crisis in the country is the tax giveaways. This is the process through which the government is giving away taxes to various organizations to encourage them to invest. This strategy seems good, but it could have severe issues in the financial future of the country. There is also a large number of credit accounts which have significant discrepancies. This means that there is no accurate information about the credit accounts and the exact details about them.

Lastly, Shervin Pishevar records that most of the assets in the United States are overvalued, which makes investors to use a lot of money purchasing these assets only for them to realize that such investments do not have a return on investment or their payback period is much high. Moreover, the interest rates on loans charged by the banks and other lending institutions are very high as compared to rates paid on deposit and government bonds.

Skout Shows It’s Support For The National Superhero Day

We have all heard about Skout, haven’t we? Well, for those who are not familiar with what it is, it is a social application that helps people make new friends and expanding their social circle. According to a recent article released by PR Newswire, the company wants to provide its clients with an opportunity to be real life superheroes tomorrow as the country celebrates the National Superhero Day. Skout is going to be making a donation to the Make-A-Wish Foundation every time a user of the application sends a superhero-themed virtual gift to another user. The Make-A-Wish Foundation is a non-profit organization that helps raise funds for children with life-threatening medical conditions in the Greater Bay Area.

Recently, Skout conducted a survey on superheroes to grace the National Superhero Day. The results showed that it is not hard for anyone to become a superhero. Three out of every four people who took part in the survey opined that it was as easy as helping other people in need. 80% of the people who participated in the study want to be superheroes in real life.

Christian Wiklund, the co-founder and CEO of the company, said that they were proud to have created an opportunity for the community to use the application to fund a wish for someone who could use a real life superhero. He also added that sending a virtual gift to someone shows that you are thinking about them. However, sending a friend a virtual superhero gift using the Skout platform indicates that you are thinking about others.

The results gotten from the survey were kind of interesting. When asked who America’s favorite superhero is, the women who took part in the inquiry said Batman while the men said Superman. 53% percent of the people who participated in the survey said Batman and Robin were the favorite superhero BFFs. 19% supported The Thing and Human Torch, 16% supported Green Hornet and Kato, and 12% supported the Wonder Twins. Immortality was the most wished for superpower with one out of every three people surveyed wishing they had it. 29% of the target population wished for the ability to fly, 22% preferred having superhuman strength, and 17% hoped for super-speed. 57% of the people who took part in the survey said a mask is the must-have superhero accessory. 19% said a cape, 14% said a ring and 10% said a fancy belt. The Batmobile was the coolest superhero ride with 49% of the people favoring it to other rides.

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Tumblr’s Value Suffers A Major Decline


Social media is wildly popular. This is a common refrain made in today’s internet age. The truth is certain social media sites are popular. Others do not sustain their popularity. Twitter’s shares are collapsing. Those with long memories remember when Myspace was the leader in social media and, today, it is a non-entity. Now, Tumblr looks to be in bad shape. The social sharing site seems to be a victim of circumstance. Tumblr was purchase by Yahoo, and Yahoo is suffering from widespread financial chaos.

The numbers for Tumblr are pretty bleak. Tumblr has lost 25% of its value since Yahoo took ownership. In some ways, this is reminiscent of the purchase of Myspace by News Corp. When the media giant bought Myspace, many believed the huge financial assets of the corporation would turn Myspace into an even bigger internet colossus. Myspace collapsed due to a combination of poor management and competition from Facebook.

Yahoo purchased Tumblr in 2013 for $1.1 billion. According to Marc Sparks, the non-Facebook deal is shaping up to becoming a major fiasco. Yahoo may have paid way too much for the social media/blogging service. Now that the world is coming to the realization that Yahoo overpaid, the valuation has dropped by 25%.

Yahoo is plagued with all sorts of problems. Mainly, Google and other online giants tower over Yahoo. Yahoo’s upper management works very hard at trying to make itself as successful as it once was. Unfortunately, no one is delivering results.