Facebook To Form Its Own Political Action Committee
Facebook has filed to establish FB PAC, a political action committee intended to “give [Facebook's] employees a way to make their voice heard in the political process,” presumably over and above voting and contributing independently to campaigns and other PACs.

The company has spent about a million dollars lobbying over the last three years, according to Senate records and documented by OpenSecrets, with the sum spent increasing every year. For comparison, Microsoft spent around $9m per year through its own PAC at its peak. Establishing a PAC will enable Facebook to make direct contributions to candidates and parties, and if it chooses, spend unlimited sums bankrolling secondary efforts like independent ad campaigns.

We can’t be too sure exactly who or what FB PAC will support, but its spending so far has been significantly concentrated in industry-related issues such as internet privacy, foreign regulations on internet access, and of course weighing in on copyright questions, which would directly affect its business. The theoretical spending cap for PACs is several million dollars ($5000 per candidate per race and some miscellaneous allowances), so there’s plenty of room for them to grow into.

Let’s not let partisan politics creep into this too much. Forming a PAC is mainly just another way for Facebook to make its presence felt in American politics, a natural tendency in large organizations. Participating in public politics can be a polarizing choice, though, and it may be that Facebook, being as it is a conglomeration of many differing political groups and philosophies, may have some fancy footwork to do in the future to keep its campaign contributions from riling its user base.

So far they have only filed the paperwork and formalized their intentions. FBPAC.us and FBPAC.org are registered but empty as of this writing.

By Devin Coldewey - TechCrunch on september 27,2011

Name:

Phone Number:

E-mail Address:

Your Question/s:

Security Code:

 

Web Solutions Articles
Refer a Friend

Home | Success Stories | About Us | Careers | Partner Websites | Terms and Conditions | Affiliate | Phoenix, AZ

we are creative web design development agency skilled in creating compelling web sites that deliver what our clients demand.You'll find us professional, creative and flexible to work with.
CLOSE
Contact Us: Write a MailMail!
Subscribe RSS Feed: RSS Feed - Subscribe now!Subscribe!