Facebook Forming a PAC

DougDot writes "According to a recent SFGate article, 'Social networking giant Facebook is expanding its political footprint, confirming that it has filed the necessary paperwork to open a political action committee in advance of the 2012 elections. The move is the latest in a series of maneuvers boosting the Palo Alto company's political profile in recent years, joining a steady rise in lobbying spending, several high-profile fundraisers and the failed statewide candidacy of one of its key officers for attorney general last year.' With 800 million users in its social network, and with very deep pockets, we could have a new, powerful Congress-influencing entity steering American politics."

Comments

I'll bet he goes for the GOP

[damn_registrars]

After all, Facebook boy would probably happily spend millions to get his federal income taxes - all $300.18 that he paid - refunded to him.

Re:I'll bet he goes for the GOP

[ALeader71]

After all, Facebook boy would probably happily spend millions to get his federal income taxes - all $300.18 that he paid - refunded to him.

I bet he goes for both parties as a lot of PACs do today. Why limit yourself, when both parties are equally malleable? All he has to do is make a case for job creation and the politicians will line up to hear his pitch (after collecting the checks of course).

Re:ugh

[Anonymous Coward]

And what are the odds that Facebook PAC will represent its users? About zero.

What are the chances that the sole purpose of this PAC is to loosen privacy laws so as to aid spying on it's users? Very high.