AIRLINK 79.41 Increased By ▲ 1.02 (1.3%)
BOP 5.33 Decreased By ▼ -0.01 (-0.19%)
CNERGY 4.38 Increased By ▲ 0.05 (1.15%)
DFML 33.19 Increased By ▲ 2.32 (7.52%)
DGKC 76.87 Decreased By ▼ -1.64 (-2.09%)
FCCL 20.53 Decreased By ▼ -0.05 (-0.24%)
FFBL 31.40 Decreased By ▼ -0.90 (-2.79%)
FFL 9.85 Decreased By ▼ -0.37 (-3.62%)
GGL 10.25 Decreased By ▼ -0.04 (-0.39%)
HBL 117.93 Decreased By ▼ -0.57 (-0.48%)
HUBC 134.10 Decreased By ▼ -1.00 (-0.74%)
HUMNL 7.00 Increased By ▲ 0.13 (1.89%)
KEL 4.67 Increased By ▲ 0.50 (11.99%)
KOSM 4.74 Increased By ▲ 0.01 (0.21%)
MLCF 37.44 Decreased By ▼ -1.23 (-3.18%)
OGDC 136.70 Increased By ▲ 1.85 (1.37%)
PAEL 23.15 Decreased By ▼ -0.25 (-1.07%)
PIAA 26.55 Decreased By ▼ -0.09 (-0.34%)
PIBTL 7.00 Decreased By ▼ -0.02 (-0.28%)
PPL 113.75 Increased By ▲ 0.30 (0.26%)
PRL 27.52 Decreased By ▼ -0.21 (-0.76%)
PTC 14.75 Increased By ▲ 0.15 (1.03%)
SEARL 57.20 Increased By ▲ 0.70 (1.24%)
SNGP 67.50 Increased By ▲ 1.20 (1.81%)
SSGC 11.09 Increased By ▲ 0.15 (1.37%)
TELE 9.23 Increased By ▲ 0.08 (0.87%)
TPLP 11.56 Decreased By ▼ -0.11 (-0.94%)
TRG 72.10 Increased By ▲ 0.67 (0.94%)
UNITY 24.82 Increased By ▲ 0.31 (1.26%)
WTL 1.40 Increased By ▲ 0.07 (5.26%)
BR100 7,526 Increased By 32.9 (0.44%)
BR30 24,650 Increased By 91.4 (0.37%)
KSE100 71,971 Decreased By -80.5 (-0.11%)
KSE30 23,749 Decreased By -58.8 (-0.25%)
World

Google, Facebook and Microsoft among other corporate giants to suspend political spending

  • In the aftermath of the violent attack on the Capitol Building last week, Facebook, Microsoft and Google have joined a growing list of corporations that are pausing their political spending.
  • As corporate responses have escalated, some companies have suspended donations to lawmakers who objected to the certification of the election, while many have halted all of their political donations for a few months.
Published January 12, 2021

In the aftermath of the violent attack on the Capitol Building last week, Facebook, Microsoft and Google have joined a growing list of corporations that are pausing their political spending.

As corporate responses have escalated, some companies have suspended donations to lawmakers who objected to the certification of the election, while many have halted all of their political donations for a few months.

A few have gone so far as to support the removal of the president.

In a statement from the National Association of Manufacturers, "The outgoing president incited violence in an attempt to retain power, and any elected leader defending him is violating their oath to the Constitution and rejecting democracy in favor of anarchy", urging Vice President Pence to consider invoking the 25th Amendment, which allows removal of a president, if deemed unfit for service.

Groups focusing on corporate interests in politics have also contributed to this discourse, with Meredith McGhee, Executive Director at Issue One - a nonprofit that works to reduce the influence of money in politics - stating that "You just can't really overemphasize the role that donors play in the current political calculation", adding that "In this moment of crisis, they sent a really important signal that the actions of the objectors were unacceptable ... because what they were doing was voting to overturn the will of the voters".

In a statement to NPR on Monday, Facebook told that it was pausing the spending of its political action committee for at least the first three months of the year, "while we review our policies".

Microsoft issued a statement that "The PAC regularly pauses its donations in the first quarter of a new Congress, but it will take additional steps this year to consider these recent events and consult with employees."

"I think they have to take a look long and hard at what role has their political spending played in sort of the buildup to this crisis," said Bruce Freed, the Head of the Center for Political Accountability.

Last week, Facebook suspended President Trump from both its main platform and Instagram indefinitely, while Twitter has disabled Trump's account permanently.

Comments

Comments are closed.