28 Sep

Facebook to form a Political Action Committee

 

The most popular social networking site Facebook said that it is forming a political action committee (PAC) for its employees to help them make financial contribution to political party candidates.

facebook political action committee

Meanwhile, Facebook has filed a formal paperwork to constitute a PACs with the Federal Election committee.

In USa, many companies have established its PAC which allow them to contribute $ 5000 to a candidate/election & up to $ 15,000 annually to a national party committee.

“FaceBook 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,”

Facebook spokesman said.

Source: OneIndia