Discussion

• @davidmarcus David Marcus on x

  I would caution against reading the fate of Libra into this update. Of course, it's not great news in the short term, but in a way it's liberating. Stay tuned for more very soon. Change of this magnitude is hard. You know you're on to something when so much pressure builds up.

• @davidmarcus David Marcus on x

  Special thanks to @Visa and @Mastercard for sticking it out until the 11th hour. The pressure has been intense (understatement), and I respect their decision to wait until there's regulatory clarity for @Libra_ to proceed, vs. the invoked threats (by many) on their biz.

• @antoniogm Antonio Garca Martnez on x

  Nice payment system you got there....would be a shame if anything regulatory happened to it because you worked with Facebook. From the letter that Senators Schatz and Brown just sent to three payments companies (including @stripe). https://www.schatz.senate.gov/ ... https://twitt…

• @mattdlockyer Matt Lockyer on x

  They were opted-in by default and had to find the right privacy settings in Facebook 🤣 https://www.bloomberg.com/...

• @paddypisa @paddypisa on x

  A part of me is disappointed by this news. While Facebook is a huge institution whose yearly revenue is close to ethereum market cap, it feels like even with all that money, their still the underdogs. This is why we must build permissionless tech & rely on legal arbitrage. https:…

• @mdudas Mike Dudas on x

  The @Libra_ Association meeting on Monday is monumental given recent high profile defections. Very interested to see the comments from partners coming out of it, plus any potential comments on a change in structure or go-to-market monetary policy https://www.theblockcrypto.com/ .…

• @stevecheney Steve Cheney on x

  Libra failure interesting news bc — w/ all the ‘break up’ news in tech, meanwhile you can't get an industry consortium to cooperate, then who is going to be doing the innovation (BigCo or SmallCo). Unclear... regulation has arrived. https://www.cnbc.com/...

• @thebitsian Varun Deshpande on x

  We are living in an era where new ideas are usually welcome but you are building something truly radical when you have this intense pressure & outsized non-believers. Same way, Bitcoin & crypto are extremely valuable not because of believers but non-believers. Fight on. https://t…

• @kurtwagner8 Kurt Wagner on x

  For those wondering why all these Libra association members are bailing today: The group is set to formalize its charter and membership on Monday. So today was basically the last chance to get out $FB

• @thestalwart Joe Weisenthal on x

  *MASTERCARD IS SAID TO EXIT FACEBOOK'S LIBRA CRYPTOCURRENCY

• @theblock__ @theblock__ on x

  JUST IN: Visa has released a statement saying that it “has decided not to join the Libra Association at this time”

• @thekenyeung Ken Yeung on x

  eBay and Stripe have abandoned the Libra association, following PayPal's lead. IIRC, Congress had warned of further regulatory review if the companies had remained. https://www.ft.com/...

• @coindesk @coindesk on x

  UPDATE: @visa and @mastercard have joined @eBay, @stripe and @PayPal in withdrawing from the @facebook-led @Libra_ Association. https://twitter.com/...

• @counternotions Kontra on x

  As a leader of the VC community, USV's leadership position in Facebook Libra is looking quite providential. https://twitter.com/...

• @cstross Charlie Stross on x

  Facebook's Libra cryptocurrency is basically dead now: https://www.theverge.com/... (Paypal walked out last week; now Visa, Mastercard, Stripe, and other payment processors are bailing. Which is good.)

• @mcclure111 Mcc on x

  Well okay! I guess now it's time for me to sweep in like a vulture and see if I can scavenge the Rust parts for a p2p distributed computing platform https://twitter.com/...

• @matthewstoller Matt Stoller on x

  Libra's partners are pulling out. They never got the answers they needed from Facebook. Zuck will be on the hot seat later this month in Congress. https://twitter.com/...

• @codinghorror Jeff Atwood on x

  Trust is the new currency and guess who *doesn't* have it? https://www.cnbc.com/...

• @readdanwrite Daniel Roberts on x

  Even as some big-name members of the Libra Association drop out, other “founding members” have just responded to @YahooFinance inquiry to say they are very much still in: @Kiva and crypto startup @Anchorage. $FB pic.twitter.com/j6dioNHRaG

• @rowlsmanthorpe Rowland Manthorpe on x

  The Libra Association is the corporate version of when a mate suggests a trip to Vegas and you go along with it because it'll never actually happen. It's only when he persists that you remember you're in your 30s, with a kid. And you hate Vegas. And tbh he's not even a mate

• @theblock__ @theblock__ on x

  NEW: According to Libra Association's website, Latin American payments service provider Mercado Pago is no longer part of the association. https://libra.org/...

• @verge @verge on x

  Update: Mercado Pago has announced it will also leave the Libra Association https://www.theverge.com/...

• @russellbrandom Russell Brandom on x

  Really hard to see how the plan moves forward without a major US payment processor on board. https://twitter.com/...

• @chillmage @chillmage on x

  isn't it nice having lots of companies instead of one big company https://twitter.com/...

• @mslopatto @mslopatto on x

  truly a shambles of a libra season! visa's out now too https://twitter.com/...

• @brianmcc Brian McCullough on x

  This is a Friday News dump JUST to f-the Techmeme Ride Home podcast!!! Dammit! Anyway... anyone taking odds on if we EVER see Libra now? https://www.techmeme.com/...

• @danprimack Dan Primack on x

  Leaving Libra is the new joining Libra.

• @katie_martin_fx Katie Martin on x

  #Librexit https://twitter.com/...

• @dee_bosa Deirdre Bosa on x

  This doesn't bode well for Facebook's Libra 3 of the 6 payments companies have dropped out: PayPal, Stripe, Mastercard. Mercadopago, PayU, and Visa are only payments companies left backing the cryptocurrency

• @cnbcnow @cnbcnow on x

  Update: Mastercard tells CNBC it “has decided it will not become a member of the Libra Association at this time” http://cnbc.com/...

• @ruskin147 Rory Cellan-Jones on x

  Wheels coming off Facebook's Libra cryptocurrency project fast https://twitter.com/...

• @profcarroll David Carroll on x

  Maybe folks don't want Zuck to win anymore. https://twitter.com/...

• @tuurdemeester Tuur Demeester on x

  RIP LBR? https://twitter.com/...

• @caro_milanesi Carolina Milanesi on x

  Ebay and Stripe out of Libra - I was actually more surprised they had joined than I am that they are leaving https://twitter.com/...

• @willgoodbody Will Goodbody on x

  Facebook's Libra cryptocurrency project is losing big name backers fast... https://twitter.com/...

• @glennf Glenn Fleishman on x

  Stick a fork in it They're not even weighting for Libra to fail Stripe swipes left, leaves Block, marry, kill? Chain of fools loses a link I got more https://twitter.com/...

• @sallyshin Sally Shin on x

  Strip is now also OUT from company: Stripe is supportive of projects that aim to make online commerce more accessible for people around the world. Libra has this potential. We will follow its progress closely and remain open to working with the Libra Association at a later stage

• @mshannahmurphy Hannah Murphy on x

  NEW SCOOP: Ebay has become the second company to pull out of Facebook's Libra project over regulatory concerns, following in the footsteps of Paypal last week w/ @kiranstacey https://www.ft.com/...