Facebook big contributor to committees in Congress that will question Zuckerberg
usatoday.com
usatoday.com
Also the Senate hearing was initially supposed to happen on April 12 I believe, but they pushed it to April 10, and the House one is on April 11.
It wouldn't be the first hearing to me set-up where basically instead of actually taking the guests to task, as a committee doing an investigation should, they just basically pat them guests on the back for doing such an awesome job. That's how the Diande Feinstein surveillance hearings end-up.
The PAC donations are of course a different story, but honestly the incentives here just puzzle me. The limits on PAC contributions to candidates ($5000) just seem so piddling to a company like Facebook that I don't understand where the ROI comes from, especially after factoring in the negative PR. I doubt a $5000 campaign donation will meaningfully influence my local school board official, let alone a Representative or Senator. The only explanation that makes any sense is that the broad PAC donations are just an expectation for companies before their lobbyists' calls get returned -- an entrance ticket to the Beltway circles. Obviously this is problematic, but in this case Facebook isn't "buying" politicians -- at best it's paying them to be restored to neutral.
600*$5,000 = $3 million a year. And $3 million is what to FB?