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Why Facebook Investors Shouldn't Be Worried About Companies Pulling Out of Libra

Credit: The Street
Published on October 14, 2019 - Duration: 01:19s

Why Facebook Investors Shouldn't Be Worried About Companies Pulling Out of Libra

Facebook's Libra project is having partners withdraw from the fledgling cryptocurrency project left and right.

It started with Paypal withdrawing last week.

Then Stripe, eBay , Mastercard and Visa withdrew.

So, should investors be worried about companies withdrawing from the Libra project?

Jeff Marks, senior portfolio analyst with Jim Cramer's Action Alerts PLUS portfolio, broke down why investors shouldn't be too concerned.

He also explained why the companies may be gunshy of the project.

"They're still supportive of it sounds like they're very supportive of the project, the longterm vision of it.

However, the regulatory challenges just seem a little bit too steep right now and there's just been a lot of criticism around the product," said Marks.

Watch the full video for more.

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