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Showing posts with label Face book news. Show all posts
Showing posts with label Face book news. Show all posts

Thursday, October 18, 2012

Facebook New Republicans


Facebook has spent $140,000 "friending" Republicans this year.
As the social media company prepares to influence policy, Facebook's political action committee has raised a sizable amount of money. It has doled out more to Republicans, $140,000, compared with $127,000 to Democrats through the end of September, according to a CNNMoney review of federal records released Monday.
Many companies, much like special interest groups such as trade unions, form PACs to collect funds that they contribute to election campaigns of political candidates.
Some technology companies like Microsoft stayed away from influencing Washington politics in the early days of their formation. But Facebook(FB) has shown a desire to be a political player by creating a PAC last year, even before it became a publicly traded company in May.