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Facebook Forming a PAC 217

DougDot writes "According to a recent SFGate article, 'Social networking giant Facebook is expanding its political footprint, confirming that it has filed the necessary paperwork to open a political action committee in advance of the 2012 elections. The move is the latest in a series of maneuvers boosting the Palo Alto company's political profile in recent years, joining a steady rise in lobbying spending, several high-profile fundraisers and the failed statewide candidacy of one of its key officers for attorney general last year.' With 800 million users in its social network, and with very deep pockets, we could have a new, powerful Congress-influencing entity steering American politics."

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