It seems Facebook is becoming one of the biggest contributors to the committees in Congress and will be questioning Mark Zuckerberg.
The members of the House and Senate committees that will be questioning Facebook CEO are some the largest recipients of campaign contributions from Facebook employees. The House Energy and Commerce Committee was the congressional panel that got the most Facebook contributions and said it will be questioning Zuckerberg on April 11.
However, they didn’t just receive contributions from Facebook. Many of the house members additionally have a large investment in Facebook stock. But you know that almost every liberal in Washington will deny their input into the Facebook stock will have any affect on their questioning of Mark Zuckerberg this week.
According to Zero Hedge, 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 Politicsvia 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.
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.
“Congressman Kennedy’s stock holdings do not influence his work in Congress,” his office said in response to questions from Roll Call about his Facebook shares. –Roll Call
And then there’s the list of members of Congress who own Facebook stock. As it turns out, some of them have quite a large investment with Facebook.