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PayPal withdraws from Fb's libra cryptocurrency

PayPal used to be one among a number of company backers of Fb's cryptocurrency mission.
PayPal was one of several corporate backers of Facebook's cryptocurrency project.

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Author: Cnbc

Cnbc has recently written 11 articles on similar topics including :
  1. "Facebook's new policies are so narrow that they won't have any real effect on election information that spreads across the site". (September 3, 2020)
  2. "Until now, Facebook CEO Mark Zuckerberg has been adamant about allowing political ads on Facebook and Instagram". (September 3, 2020)
  3. "Facebook CEO Mark Zuckerberg on Tuesday told employees he was standing firm in the company's decision not to moderate a post in which President Trump said "when the looting starts, the shooting starts". (June 2, 2020)
  4. "Facebook on Friday took a shot at Apple, saying the company will only be able to pay small businesses a portion of sales from a new paid online events feature as a result of the iOS App Store's policies". (August 15, 2020)
  5. "Facebook on Friday announced a slew of new video-calling features including Messenger Rooms, which allows users to host video calls of up to 50 people". (April 24, 2020)
  6. "Facebook announced it will now ban content that "denies or distorts the Holocaust," reversing its earlier policy". (October 12, 2020)
  7. "Major advertisers are continuing to join the "#StopHateForProfit" campaign, promising to stop Facebook ad spend to ramp up pressure on the social media platform against hate speech and misinformation". (June 30, 2020)
  8. "Founder and CEO Mark Zuckerberg has reshuffled his deck of lieutenants while remaining one of the few constants at the helm of the company. Here are the key execs who helped him guide the company's stock to an all-time high". (May 23, 2020)
  9. "Shares of Facebook and Twitter fell following Unilever's announcement". (June 26, 2020)
  10. "Google confirmed an employee in Zurich tested positive for coronavirus and the company is now restricting travel to other countries with higher risk of exposure". (February 28, 2020)
  11. "Verizon says it is pulling advertising on Facebook until the company "can create an acceptable solution that makes us comfortable". (June 26, 2020)
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