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While technically true saying that is misleading, since companies can and do make political donations through PACs.

For example on November 12, “Google LLC NetPAC” donated $5000 to Devin Nunes’ campaign: https://twitter.com/Pinboard/status/1208199872668528641

But the money in Netflix PAC comes from employees of Netflix, not from the company.

Companies can make independent expenditures through a Super PAC, but companies cannot contribute directly to a campaign.

Decisions about how to spend the monies contributed by those employees are made by the company, though.