The Silicon Valley social media company Facebook has formed a political action committee it will use to distribute cash to candidates in the coming elections.
Companies like Facebook are moving to increase their influence in Washington amid increasingly complex legislative debates about monopolies, patents, and privacy.
Other media organizations are getting into politics, as well. Recently, Google co-sponsored a Republican Presidential debate with Fox News. On Monday, Facebook held a town-hall meeting featuring House Republicans just hours after LinkedIn held a similar meeting with President Barack Obama.
Facebook executives declined to say to which races it would give.
Facebook hired its first District of Columbia employe in 2007; the office now has more than a dozen people, including one federally registered lobbyist.
- Facebook Forms a PAC (thecaucus.blogs.nytimes.com)
- Obama Addresses LinkedIn Forum in California (nytimes.com)
- In Turn to Politics, Facebook Starts a PAC – New York Times (nytimes.com)
- Obama and ‘Young Guns’ Make Silicon Valley Pitches (thecaucus.blogs.nytimes.com)