File this event under new school meets old school. Facebook solidified its expansion in the field of politics by forming a political action committee.
Reports surfaced the company had registered the Internet domains for Fbpac.org and Fbpac.us. Facebook filed official paperwork on Monday.
A company spokesman explained, "FB PAC will give our employees a way to make their voice heard in the political process by supporting candidates who share our goals of promoting the value of innovation to our economy while giving people the power to share and make the world more open and connected."
As a PAC, the company can back candidates and donate to campaigns. At a time when booming tech businesses have become growing presences in the campaign conversation, Facebook's sure to make a few friends in Washington.
Majority Leader Eric Cantor, Majority Whip Kevin McCarthy and Budget Chairman Paul Ryan marked the company's new venture into the political landscape with a visit to its headquarters in Palo Alto, California yesterday for a Live Event. The Republican trio advocated less governmental regulation, promoted tax code reformation and praised the role of social media in politics — a role that Facebook is now looking to takeover.
— By Skivjana Neza