By Andrew Feinberg - 05/06/12 09:54 AM EDT
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 BoehnerBenghazi Blues If 'bipartisanship' is now a dirty word, how about a rebranding? Cameras go dark during House Democrats' sit-in MORE (R-Ohio), Minority Leader Nancy Pelosi (D-Calif.) and Senate Majority and Minority leaders Harry ReidHarry ReidAbortion ruling roils race for the White House, Senate Dem senator urges support for House Puerto Rico bill Reid: McConnell silence on Trump 'speaks volumes' MORE (D-Nev.) and Mitch McConnellMitch McConnellEconomic turmoil threatens Clinton Economic turmoil threatens Clinton Overnight Finance: McConnell tees up Puerto Rico vote | Britain's credit rating slashed | Clinton vows to appoint trade prosecutor 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 CornynMcConnell tees up House Puerto Rico bill Dem senator urges support for House Puerto Rico bill GOP senator praises Supreme Court's abortion ruling MORE (R-Texas), Orrin HatchOrrin HatchA bipartisan bright spot we can’t afford to pass up: child welfare reform Medicare trust fund running out of money fast Long past time to fix evidence-sharing across borders MORE (R-Utah), Amy KlobucharAmy KlobucharDozens of senators push EPA for higher ethanol mandate Brother may I? Congress must reform senseless drug regulation Caution: drug competition not allowed MORE (D-Minn.) and Chuck SchumerCharles SchumerJuan Williams: GOP sounds the sirens over Trump Gun-control supporters plan next steps versus NRA This week: Senate showdown over gun control MORE (D-N.Y.).