Booking Holdings drop out of Facebook's Libra

Facebook • October 14, 2019, 11:45AM EDT
UPDATED: October 14, 2019, 12:02PM EDT
The Block

Online travel company Booking Holdings becomes the latest company to drop out of Facebook's Libra project, according to a report by Bloomberg.

The departure of the firm means that seven of the 28 inaugural Libra Project members have now withdrawn from the Libra Association.

Earlier last week, two U.S. Senators, Sherrod Brown and Brian Schatz, had sent letters to Visa, Mastercard, and Stripe, asking them to reconsider their partnership with Libra. The House Financial Services Committee also announced last week that Facebook CEO Mark Zuckerberg would testify before its committee on Oct. 23 over Libra.

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

Booking Holdings is the parent company of Booking.com, Priceline, and Kayak.com.

The firms that have dropped out of Libra

About Author

Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi

More by Steven Zheng