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Facebook pours money into politics amid antitrust concerns – Source fastcompany.com

This story was produced by MapLight, a nonprofit organization that reveals the influence of money in politics, and published in partnership with Fast Company.

Facebook, the social media giant that came under withering fire last month from a congressional panel investigating potential antitrust action against it and other large tech companies, is making fewer friends on Capitol Hill during the current election cycle. But that doesn’t mean it’s stopped trying.

A MapLight analysis finds House Judiciary Committee members have been the recipients of $1 of every $12 in congressional campaign contributions made by Facebook’s political action committee, top executives, and employees during the 2020 election cycle.

While lawmakers from both sides took turns slamming Facebook during the hearing, it remains to be seen if the campaign contributions from the company will prevent Congress from passing legislation that would make it easier for federal agencies to press antitrust complaints…

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Source : fastcompany.com

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