NorthStar Asset Management issued a rebuttal to Facebook’s guidance in its Schedule 14A filing with the Securities and Exchange Commission detailing measures up for vote at its annual meeting, saying in a Form Px14a6g filing with the SEC that shareholders should vote for the resolution involving political contributions, and not against it, as the company advised.
Political Action Committees
Facebook’s political-action committee, fbPAC, continued to hit its like button more for Republicans than Democrats in 2012, as CNNMoney reported that GOP politicians raked in $140,000 from the social network through September, compared with $127,000 for Democrats.
The filing of updated paperwork with the Federal Election Commission revealed some interesting details into how Facebook plans to wield its influence in Washington, D.C., specifically regarding the company’s plans to run its political action committee.
Facebook confirmed that it had filed the required documents to launch its own political-action committee.