FB PAC, Facebook's new political action committee, spent its first-ever quarter of activity hewing to a more or less bipartisan donation strategy with emphasis on the House and Senate Judiciary committees, the PAC's first quarter disclosure form shows.
Facebook's PAC was formed at the end of 2011, but the company's strong revenues and high valuation in the run up to its initial public offering allowed executives it raises funds from plenty of resources to donate. CEO Mark Zuckerberg, COO Sheryl Sandberg, and several board members including LinkedIn founder Reid Hoffman and Netscape founder and venture capitalist Marc Andreessen contributed the maximum allowable $5,000 to the committee.
But the Washington office's real contribution to the PAC – strategy – becomes clear after a read of its first quarter disclosure for 2012.
Of the $128,900 the PAC took in, it quickly gave away $119,000, distributing the donations on a mostly bipartisan basis. Uncharacteristic for most tech companies, the final tally of contributions favored Republicans $65,500 to $53,500.
Typical leadership cash magnets like House Speaker John BoehnerJohn BoehnerLobbyists bounce back under Trump Business groups silent on Trump's Ex-Im nominee Chaffetz won't run for reelection MORE (R-Ohio), Minority Leader Nancy Pelosi (D-Calif.) and Senate Majority and Minority leaders Harry ReidHarry ReidWeek ahead: House to revive Yucca Mountain fight Warren builds her brand with 2020 down the road 'Tuesday Group' turncoats must use recess to regroup on ObamaCare MORE (D-Nev.) and Mitch McConnellMitch McConnellSchumer: Funding deal possible if Trump drops border wall Disconnect: Trump, GOP not on same page GOP senator: There will never be full U.S.-Mexico border wall MORE (R-Ky.) were FB PAC recipients.
But despite the almost bipartisan final breakdown, many of the PAC's donations seemed to ignore party labels altogether, going instead either to tech favorites like Rep. Anna Eshoo (D-Calif.), Greg Walden (R-Ore.) and Fred Upton (R-Mich.) or Judiciary committee veterans like Reps. Darrel Issa (R-Calif.), Mary Bono Mack (R-Calif.) Zoe Lofgren (D-Calif.), James Sensenbrenner (R-Wis.) and Sens. John CornynJohn CornynDisconnect: Trump, GOP not on same page Juan Williams: Trump's 100 days wound GOP Trump wall faces skepticism on border MORE (R-Texas), Orrin HatchOrrin HatchLighthizer unanimously approved by Senate panel Disconnect: Trump, GOP not on same page Overnight Tech: Dem wants to see FCC chief's net neutrality plans | New agency panel on telecom diversity | Trump calls NASA astronaut MORE (R-Utah), Amy KlobucharAmy KlobucharDem labels infrastructure ‘top thing’ Trump can accomplish Wyden pushing to mandate 'basic cybersecurity' for Senate Senators press the FCC on rural broadband affordability MORE (D-Minn.) and Chuck SchumerCharles SchumerGOP fundraiser enters crowded primary for Pa. Senate seat Dems: Trump risks government shutdown over border wall Miners' union shouldn't look to feds to bail out mismanaged pension fund MORE (D-N.Y.).