Facebook’s Political Action Committee

Facebook filed the paperwork to form the political action committee FB PAC. The social network giant, Facebook which is increasing its user base of over 800 million, is seeking to increase its presence in Washington.

The recent move to form FB PAC comes after reports that Facebook has spent $ 320,000 in lobbying during the second quarter of this year.

Google Antitrust hearings made it clear that Washington is placing a scrutinizing eye on dominant tech companies and their practices. Increased lobbying efforts and recently formed PAC may indicate that Facebook is worried about the attention Washington is giving to tech Giants.

With the increase in dominance of Facebook, there are chances of it becoming the Target of Washington regulation.  Recent platform changes by Facebook, which have brought about new privacy concerns, are likely to contribute to lobbing efforts and political contribution.

It yet remains which races or candidates Facebook’s PAC will support during the upcoming elections.