Facebook Forms PAC in Time for Election
Move allows social network to back candidates
Days after Facebook announced major changes to its services, the social network is bolstering its presence—and influence—in Washington, D.C., by officially forming its own political action committee, The Hill reports.
Facebook filed the paperwork on Monday, plenty of time to get involved in the 2012 election. In a statement, the company said the PAC will give its employees "a way to make their voice heard in the political process by supporting candidates who share our goals of promoting the value of innovation to our economy while giving people the power to share and make the world more open and connected."
The PAC will allow Facebook employees to pool their political donations, giving them more power than they would have had on their own. It also allows the company to begin to support specific candidates, at least indirectly.
In addition to forming the PAC, Facebook has been adding to its government relations team and bringing on big names like Joe Lockhart and Erskine Bowles.
