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Facebook Forming a PAC

Posted by Soulskill on from the politics-is-the-worst-kind-of-social-networking dept.

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."

4 of 217 comments (clear)

  1. I'll bet he goes for the GOP by damn_registrars · · Score: 4, Insightful

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

    --
    Damn_registrars has no butt-hole. Damn_registrars has no use for a butt-hole.
    1. Re:I'll bet he goes for the GOP by ALeader71 · · Score: 5, Insightful

      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).

      --
      Only the dead have seen the end of War. - Plato
  2. Re:ugh by Anonymous Coward · · Score: 5, Insightful

    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.

  3. I do not understand... by cjcela · · Score: 5, Interesting

    ..how many of the people posting take this so lightly. There should be outrage here. Companies bearing weight on congress is not a good idea, people. Maybe many of you are too young to see what is going on, but the idea is that the country is governed by the people and for the people, not by Mr. Facebook for his company. And while you have 20 seconds of laugh writing a funny post, your future is eroding right in front of your eyes, and you are completely oblivious to it...