I like to hate on Facebook as much as anyone but there's a fairly obvious explanation for this situation: of the 100 or so organisations that initially expresse

I like to hate on Facebook as much as anyone but there's a fairly obvious explanation for this situation: of the 100 or so organisations that initially expressed interest, the 27 organisations that have so far formally joined are more aligned with Facebook. It's an easier decision for them so they acted more quickly. With PayPal pulling out and governments expressing concern, it will come down to what well known financial institutions like Visa and Mastercard decide to do. If they still sign on, I'd hope the balance will be much better by the time they hit the target of 100 founding members. Time will tell. It'll be interesting to see how far Facebook can push this if other organisations bail out. That said, I don't for a moment believe that Libra exists for the greater good.