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Oct. 11, 2019, 5:20 p.m. EDT

EBay, Mastercard, Stripe will exit Facebook's Libra, following PayPal

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By Emily Bary

EBay Inc. /zigman2/quotes/204653455/composite EBAY +0.92% , Mastercard Inc. /zigman2/quotes/207581792/composite MA +0.56% , and Stripe said Friday that they were withdrawing from Facebook Inc.'s /zigman2/quotes/205064656/composite FB -0.02% Libra cryptocurrency project, joining PayPal Holdings Inc. /zigman2/quotes/208054269/composite PYPL +1.58% , which announced its plan to leave a week earlier. "Mastercard has decided it will not become a member of the Libra Association at this time," the company said in a statement. "We remain focused on our strategy and our own significant efforts to enable financial inclusion around the world." Mastercard said it would continue to monitor the progress of the Libra effort. An eBay spokesperson said that while the company respects "the vision of the Libra Association," the e-commerce giant won't be continuing as a founding member. "At this time, we are focused on rolling out eBay's managed payments experience for our customers," the spokesperson said. A Stripe representative said that the company will follow Libra's progress "closely" and it remains "open" to working with Libra in the future. Facebook has declined to comment. Facebook shares are off 8.5% over the past three months, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.08% has dropped 1%.

/zigman2/quotes/204653455/composite
US : U.S.: Nasdaq
$ 34.96
+0.32 +0.92%
Volume: 5.95M
Nov. 14, 2019 4:00p
P/E Ratio
15.89
Dividend Yield
1.60%
Market Cap
$28.68 billion
Rev. per Employee
$768,143
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/zigman2/quotes/207581792/composite
US : U.S.: NYSE
$ 279.63
+1.56 +0.56%
Volume: 2.33M
Nov. 14, 2019 4:02p
P/E Ratio
41.51
Dividend Yield
0.47%
Market Cap
$279.34 billion
Rev. per Employee
$1.01M
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/zigman2/quotes/205064656/composite
US : U.S.: Nasdaq
$ 193.15
-0.04 -0.02%
Volume: 8.48M
Nov. 14, 2019 4:00p
P/E Ratio
30.85
Dividend Yield
N/A
Market Cap
$540.86 billion
Rev. per Employee
$1.57M
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/zigman2/quotes/208054269/composite
US : U.S.: Nasdaq
$ 103.73
+1.61 +1.58%
Volume: 4.40M
Nov. 14, 2019 4:00p
P/E Ratio
48.65
Dividend Yield
N/A
Market Cap
$120.55 billion
Rev. per Employee
$710,138
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/zigman2/quotes/210599714/realtime
US : S&P US
3,096.63
+2.59 +0.08%
Volume: 1.61B
Nov. 14, 2019 4:19p
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