Facebook and affiliated political groups have donated heavily to members of two committees set to interview CEO Mark Zuckerberg next week, according to analysis from the Center for Responsive Politics via USA Today.
Since 2007, the social media giant has contributed a cumulative $381,000 to 46 of the 55 members on the House Energy and Commerce Committee, which will hear from Zuckerberg on Wednesday.
While the average committee member received between $6,750 and $6,800, Committee Chair Greg Walden (R-OR) received $27,000, and top ranking Democrat Frank Pallone of New Jersey received $7,000 from Facebook.
Rep. Anna Eschoo (D-CA), whose district is adjacent to Facebook headquarters and home to many Facebook employees, received the most from Facebook at $55,150 since 2007. Eschoo narrowly lost a battle with Pallone for ranking Democrat position on the committee in the 2014 election.
Walden and Pallone announced Zuckerberg's appearance on Wednesday to testify on "critical consumer data privacy issues."
Meanwhile, a Roll Call report reveals that two Democrats on the House Energy and Commerce Committee have nearly $100,000 invested in shares of Facebook - with Democratic Reps. Joe Kennedy of MA and Kurt Schrader of OR owning approximately $80,000 and $15,000 respectively.
Meanwhile House Minority Leader Nancy Pelosi owns at least $500,000 shares of Facebook through her husband, while Texas Republican Rep. Michael McCaul reported at least $1 million in Facebook stock and around $30,000 in 2016 capital gains through his wife and child.
Pelosi's office noted "These investments are Mr. Pelosi’s not Leader Pelosi’s. Leader Pelosi plays no role in this investment and has no stock investments of her own," an aide said.
Anyone want to take a guess how tough they'll be on Zuck during questioning??
Several other members of Congress own Facebook as well - however one Senator, Rep. John Yarmuth (D-KY) wants nothing to do with Facebook, and has announced that he will be selling his shares.
According to Roll Call, here are all the members of Congress who listed Facebook holdings in their 2016 financial disclosures, along with the minimum worth of their stocks and of any capital gains or dividends.
Rep. Joyce Beatty — $15,001 / $5,001 dividends Rep. Steve Chabot — $15,001 Rep. James R. Comer — $1,001 Rep. K. Michael Conaway — $0* / $2,501 capital gains Rep. Carlos Curbelo — $1,001 Rep. Mike Gallagher — $0* Rep. John Garamendi — $1,001 Rep. Josh Gottheimer — $16,002 Sen. John Hoeven — $50,001 Rep. Mike Kelly — $15,001 Rep. Joseph P. Kennedy III — $81,004 Rep. Ro Khanna — $2,002 Rep. Jim Langevin — $115,002 / $5,001 capital gains Rep. Brenda Lawrence — $15,001 Rep. Alan Lowenthal — $15,001 Rep. Roger Marshall — $0* / $1 capital gains Rep. Michael McCaul — $1,000,002 / $30,002 capital gains House Minority Leader Nancy Pelosi — $500,001 Rep. James B. Renacci — $150,002 / $5,001 capital gains Sen. Pat Roberts — $1,001 / $201 capital gains Rep. Tom Rooney — $15,001 Rep. Francis Rooney — $1,001 Rep. Brad Schneider — $200,002 Rep. Kurt Schrader — $15,001 Rep. Lamar Smith — $1,001 / $1 capital gains Rep. Tom Suozzi — $15,001 Sen. Sheldon Whitehouse — $31,003 Rep. John Yarmuth — $1,001
I suppose Zuck could also target facebook political ads for/against anyone he chooses. Generate them in house on a mass scale, or block any ads in favor of candidates he had issues with.
Translation: Sell your FB stock STAT, this baby is going down.......
....." I've directed our teams to invest so much in security — on top of the other investments we're making — that it will significantly impact our profitability going forward. But I want to be clear about what our priority is: protecting our community is more important than maximizing our profits."
My top priority has always been our social mission of connecting people, building community and bringing the world closer together. Advertisers and developers will never take priority over that as long as I'm running Facebook."
Facebook and affiliated political groups have donated heavily to members of two committees set to interview CEO Mark Zuckerberg next week, according to analysis from the Center for Responsive Politics via USA Today.
Since 2007, the social media giant has contributed a cumulative $381,000 to 46 of the 55 members on the House Energy and Commerce Committee, which will hear from Zuckerberg on Wednesday.
While the average committee member received between $6,750 and $6,800, Committee Chair Greg Walden (R-OR) received $27,000, and top ranking Democrat Frank Pallone of New Jersey received $7,000 from Facebook.
Rep. Anna Eschoo (D-CA), whose district is adjacent to Facebook headquarters and home to many Facebook employees, received the most from Facebook at $55,150 since 2007. Eschoo narrowly lost a battle with Pallone for ranking Democrat position on the committee in the 2014 election.
Walden and Pallone announced Zuckerberg's appearance on Wednesday to testify on "critical consumer data privacy issues."
Meanwhile, a Roll Call report reveals that two Democrats on the House Energy and Commerce Committee have nearly $100,000 invested in shares of Facebook - with Democratic Reps. Joe Kennedy of MA and Kurt Schrader of OR owning approximately $80,000 and $15,000 respectively.
Meanwhile House Minority Leader Nancy Pelosi owns at least $500,000 shares of Facebook through her husband, while Texas Republican Rep. Michael McCaul reported at least $1 million in Facebook stock and around $30,000 in 2016 capital gains through his wife and child.
Pelosi's office noted "These investments are Mr. Pelosi’s not Leader Pelosi’s. Leader Pelosi plays no role in this investment and has no stock investments of her own," an aide said.
https://www.zerohedge.com/news/2018-04-07/facebook-gave-money-85-house-committee-questioning-zuckerberg-next-week