Facebook halts political donations after Capitol riot

Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, October 23, 2019.

Erin Scott | Reuters

Facebook on Monday announced that it will pause its contributions to political action committees in the wake of the invasion of the U.S. Capitol last week by insurgents incited by President Donald Trump.

“Following last week’s awful violence in D.C., we are pausing all of our PAC contributions for at least the current quarter, while we review our policies,” a spokesman for the company said in a statement.

Axios first reported Facebook plans to halt political donations.

Facebook is the latest company to take a stand like this. It joins a list that includes Microsoft, JPMorgan Chase, Goldman Sachs and Citigroup.

By CNBC Source Link

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