Facebook Gave Money To 85% Of House Committee "Questioning" Zuckerberg Next Week

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." 

“This hearing will be an important opportunity to shed light on critical consumer data privacy issues and help all Americans better understand what happens to their personal information online,” Messrs. Walden and Pallone said in a Wednesday statement. “We appreciate Mr. Zuckerberg’s willingness to testify before the committee, and we look forward to him answering our questions on April 11th.” (also, thanks for all that money Zuck! We'll be sure to put the softballs on a plastic "T" for you) 

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. 

Twenty-eight members listed stock in the social media giant, according to Roll Call’s Wealth of Congress project. Among them, Democratic Reps. Kurt Schrader of Oregon and Joseph P. Kennedy III of Massachusetts sit on the House Energy and Commerce Committee, while Democratic Sen. Sheldon Whitehouse of Rhode Island sits on Senate Judiciary.

Both panels, along with Senate Commerce, invited Zuckerberg to appear before them after reports that Cambridge Analytica, a British big data firm, obtained access to private information of millions of Facebook users under questionable circumstances. Cambridge Analytica reportedly incorporated the data in ad-targeting tools used by political campaigns including President Donald Trump’s winning 2016 bid.

...

“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

Ten Democratic members of the Committee, including Kennedy, sent a letter last Thursday to the Federal Trade Commission (FTC) to commend the agency on its investigation into Facebook. 

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. 

That's not all...

Illinois Rep. Brad Schneider has at least $200,000 in the company through his wife’s IRA, while Rhode Island Rep. Jim Langevin, a fellow Democrat, holds stock worth at least $115,000 and had capital gains of more than $5,000, according to his 2016 financial disclosure. Ohio Republican Rep. James B. Renacci also owns at least $150,000 worth of Facebook stock.

Several lawmakers with holdings in the company say they recognize that new policies on social media oversight are needed after the latest developments. -Roll Call

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. 

Comments

Pigeon rccalhoun Sat, 04/07/2018 - 16:03 Permalink

Obama's regime threw away any pretenses lawfulness, integrity and character by ANYONE affiliated with .gov. They are all for sale. It appears some for quite a bit less than others.

IN fairness, watching the Clintons in the 90s get away literally with murder,  accelerated the ball rolling downhill.  

Everyone is in it for themselves. Couldn't give a flying fuck about country, character, integrity, honesty, morality. What they want is MOAR. Money, power, pussy, whatever. 

Too bad the vacuum will never be filled in these loathsome, vapid, worthless humans.

In reply to by rccalhoun

pigpen hedgeless_horseman Sat, 04/07/2018 - 15:55 Permalink

Hedgeless, the govt won't prosecute Facebook or break them up as a monopoly.

We citizens need to unite to destroy the goobook surveillance tracking censorship digtal advertising model by destroying the value of digtal advertising.

My solution is for everybody to immediately download a mobile adblocker with my preference being brave browser for its ease of use and DEFAULT to protect the user.

Brave blocks advertising malware and tracking by DEFAULT on any device and operating system rendering digital advertising model useless.

Whoever controls the browser controls the money.

What is digtal advertising worth if an ad can't be sent, viewed or tracked?

Download brave immediately or equivalent mobile adblocker and cut off the economic oxygen and incentive to track, spy and censor.

Cheers,

Pigpen

In reply to by hedgeless_horseman

pigpen CatInTheHat Sun, 04/08/2018 - 00:00 Permalink

Catinthehat, brave is fantastic, fast and simple and renders digtal advertising worthless by DEFAULT.

I pay for data by the gig. Since using brave, I'm amazed how little data in using bc a large part of our data plan is wasted on advertising.

Please spread the word about brave. Each day more citizens become more aware of brave and cut off the oxygen to goobook.

We can destroy them one by one.

Cheers,

Pigpen

In reply to by CatInTheHat

Expendable Container TheSilentMajority Sun, 04/08/2018 - 10:23 Permalink

Nor should the only 2% of the population, the Chosenites, occupy by far the majority of places in this and every government since Woodrow Wilson on...why is this not even questioned?? Dual passports make for dual loyalties - very dangerous. World wars are created under false pretences. But don't take my word for it: https://thezog.info/who-controls-donald-trump/comment-page-6/

 

In reply to by TheSilentMajority

Yen Cross Sat, 04/07/2018 - 15:44 Permalink

 A slight little boy he is.

  O/T I can't stand the Federal Reserve or its policies, but this new Fed ChairMAN isn't a land shark.[lawyer]

  I really hope Powell can maintain his integrity, during his tenure.

  For the life of me, I still can't figure out why we have a Treasury Secretary.

 It's nothing more than a glorified {safe space} for the fed.  Mnuchin should be shit canned yesterday. Jack Lew was also another impotent ass muncher.

  When my C-notes are signed by Mnuchin, I know the top is in.

 The sorosites are crawling out of their basements. Junksters gotta get paid, before their next fix.