PALO ALTO, Calif., Sept. 27 (UPI) -- Social networking giant Facebook confirmed it is establishing a political action committee, setting itself up to be a player in Washington politics.
The company confirmed to The Hill Monday it filed the required paperwork, acknowledged it formed the PAC after reports surfaced it had registered domain names FBPAC.org and FBPAC.us.
"FB PAC will give our employees a way to make their voice heard in the political process by supporting candidates who share our goals of promoting the value of innovation to our economy while giving people the power to share and make the world more open and connected," a Facebook spokesman told The Hill via e-mail.
Facebook, created by Mark Zuckerberg while he was in college in 2004 and now based in Palo Alto, Calif., is a relative newcomer to the business world and Washington. Facebook began lobbying in 2009, hiring former congressional staffer Adam Conner to serve as its advocate to lawmakers and political campaigns, and has added personnel with political ties to both parties since.
Facebook's lobbying expenditures totaled $550,000 for fiscal 2011, a jump from the $350,000 spent in 2010 and the $200,000 outlay in 2009, The Hill said.