Campaign finance nerds, do you know of a way to track indirect Facebook spending by candidates? In other words, if my campaign committee pays ABC DIGITAL CONSULTING a million dollars and they spend half of that running Facebook ads, is their expenditure a public record?
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To choose another example, Jon Ossoff (who is not on the subcommittee that held hearings yesterday) spent $2,775,776 on Facebook ads and won by a margin of about 55,000 votes. How can one expect him to vote to regulate or sanction a company he likely owes his Senate seat to?
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The point I'm raising isn't about hypocrisy, but the fundamental conflict of interest that comes from having the only elected officials who can exercise regulatory authority wholly dependent on one company for online political advertising.
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Facebook's political ads are a small contributor to revenue (~3% in 2020) but form an invaluable regulatory armor by making American politicians irrespective of party dependent on the continued success of the company's unregulated business model.
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End of conversation
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