Internet social network giant Facebook has recently announced that it will create its own political action committee (PAC). In a press release, a company spokesperson said that the the FBPAC is aimed at ‘supporting candidates who share our goals of promoting the value of innovation to our economy.’ The move shows that Facebook, with 800 million users and growing, could become a strong political force to be reckoned with.
Although many other tech sites like Microsoft, Google and Amazon have their own PAC, Facebook’s new political initiative has raised concerns. Various bloggers and journalists questioned Facebook’s interests behind the move as Facebook may become a target of regulatory scrutiny in the future. As a site note, Facebook has significantly increased its lobbying expense in 2011 that will total $550,000.