Facebook's DC Presence
Sunlight Foundation Blog
Facebook, which has set off a frenzy of market speculation with its plans go public as early as Friday, isn't just raising its profile on Wall Street. As the social networking giant prepares for its initial stock offering, Sunlight decided to take a look at how Facebook is doing when it comes to political networking. Our finding: The company with the famously hoodied CEO is beginning to grow up, at least in the ways of Washington.
In the first quarter of this year, Facebook spent $650,000 lobbying Congress, according to data from Sunlight Foundation's Influence Explorer, the most the company has ever recorded. Facebook has not only grown as a lobbying presence, however. The company is also becoming a more active campaign financier.
