Facebook PAC

FACEBOOK WANTS MORE *FRIENDS* IN CONGRESS.

THE SOCIAL NETWORKING COMPANY CREATED A POLITICAL ACTION COMMITTEE THIS WEEK TO GIVE MONEY TO CANDIDATES IN UPCOMING ELECTIONS.  FACEBOOK HAS BEEN RAMPING UP ITS PRESENCE IN WASHINGTON TO TRY TO INFLUENCE DECISIONS ON INTERNET PRIVACY, PATENT AND MONOPOLY ISSUES.  WE TALKED TO A CAMPAIGN MONEY EXPERT WHO WARNS: FACEBOOK COULD FACE A BACKLASH IF ITS 800-MILLION USERS DON'T LIKE THE POLITICAL CAUSES ITS PAC IS SUPPORTING.

 MICHAEL BECKEL, OPENSECRETS.ORG  "THEY'VE MADE IT VERY EASY TO ORGANIZE EVENTS AND THAT COULD TURN INTO ORGANIZING PROTESTS AGAINST FACEBOOK IF THE POLITICAL DECISIONS THE COMPANY MAKE UPSET ENOUGH OF ITS USERS"

FACEBOOK HAS NOT REVEALED WHO IT WILL BE SUPPORTING IN POLITICAL RACES, BUT A SPOKESMAN SAYS THE PAC WILL CONTRIBUTE TO CANDIDATES WHO PROMOTE THE VALUE OF INNOVATION TO THE ECONOMY.