According to Bloomberg’s Olivia Stern, a red Twitter Inc (NYSE:TWTR) logo with the Turkish flag and its beak sown shut has been circulating in the country because of the new proposed bill.
“Turkey’s Justice and Development Party – the AKP [Adalet ve Kalkınma Partisi] or the ruling party – has put a new bill in parliament which could give Turkey’s Prime Minister the power to shut down websites without a court order,” Stern reported.
According to the Bloomberg host, the bill was presented to parliament last Friday and will be discussed this week.
Stern noted that the bill follows substantial protests in 2013 where leaks of information on sites like Twitter Inc (NYSE:TWTR) damaged the reputation of the country’s government.
According to Hans Humes, CEO of Greylock Capital, his firm is not a strong buyer of anything Turkish at the moment or anything in the region. Another concern, he pointed out, is the falling out between Turkey and Israel. This is a sign of potential instability, he said.
Twitter Inc (NYSE:TWTR), according to a recent New York Times report, was threatened with a ban unless it blocked certain Twitter accounts publishing what the government said was material that threatens its country’s national security.
The tussle is connected to the BirGün Halkin Gazetesi paper and its Twitter account @Birgun_Gazetesi which was publishing information about a raid on a Turkish Intelligence Agency military truck convoy which opposition parties said was carrying weapons to be used by extremists battling forces of Syria’s President Bashar al-Assad and which the government said was carrying humanitarian aid.
Daniel Benton’s Andor Capital Management reported ownership of 5.75 million Twitter Inc (NYSE:TWTR) shares at the end of the third quarter of 2014.