Facebook pledged to raise $5 billion for its initial public offering on Wednesday, but the company is simultaneously increasing its political fundraising. Facebook’s five-month old political action committee, “FB PAC” recently filed its 2011 year-end disclosure form with the Federal Election Commission, reporting that it raised $170,010 from 44 individual donors including Facebook CEO Mark Zuckerberg, COO Sheryl Sandberg and early investor Peter Thiel, who owns 3 percent of the company.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=101784