Turkey has blocked access to Twitter (TWTR) just days before the country's elections. Turkish citizens have used Twitter to voice opposition to Prime Minister Recep Tayyip Erdogan's government in the midst of a corruption investigation. Erdogan has vowed to "wipe out" Twitter. The prime minister's office said the country requested certain content be removed from Twitter based on court rulings and when Twitter didn't comply, it shut down the site. A Twitter spokesperson said it was "looking into" the ban and suggested users send tweets via text messages.
Shares of Nike (NKE) were down in pre-market trading after the company warned it sees significant headwinds into its fiscal 2015. After the close yesterday, Nike earnings-per-share and revenue for the third quarter came in ahead of Wall Street expectations, but the stock turned south on the company's warning that fourth-quarter revenue growth and 2015 full-year earnings will be well below Wall Street targets due in part to a stronger dollar.
Shares of Tiffany (TIF) were also down in pre-market trading after the company missed earnings estimates and said its outlook for the full year would be well below expectations. Earnings-per-share missed by $0.05, while revenue rose 5% and came in roughly in-line with expectations. The luxury jeweler's sales improved during the holiday season on strong sales of fine jewelry. The company also took a big charge after losing an arbitration case against Swatch.
And we're watching Neflix (NLFX) and Comcast (CMCSA). Netflix CEO Reed Hastings wrote a strongly-worded blog on the company's website calling for stronger defense of net neutrality. Hastings said the current, weak net neutrality rules are not sufficient to protect an open, competitive Internet. He said Internet service providers, like Comcast, should provide content companies with sufficient access to their networks without charging. Hastings' comments come after Netflix agreed to pay what it considers a "toll" to powerful internet service providers to protect its customers' experience in the near-term. Netflix agreed to pay Comcast a fee to stream the company’s content faster. In response to Hastings’ comments, Comcast said content providers like Netflix have always paid for their interconnection to the internet and have always had ample options to ensure that their customers receive an optimal performance.
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