Market condition

This summer, some of the world’s biggest companies quietly abandoned one of the key tenets of US capitalism for the last half century or so – the primacy of shareholders, or the idea that companies primarily exist to serve the needs of shareholders.

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A late-week rally saw the market recover from a bad start to the fourth quarter.

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PayPal, which is one of the founding members of the Libra Association, may have gotten cold feet on Facebook’s crypto project.

The payment company is allegedly reconsidering its involvement with the Libra project due to concerns over “maintaining positive relationships with regulators who have reservations about the project,”.

David Marcus, head of the entity behind Libra commented that they are trying to “very calmly, and confidently working through the legitimate concerns that Libra has raised by bringing conversations about the value of digital currencies to the forefront.”

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