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Video Mapping Facebook's growth Facebook's evolving social network Could Zuckerberg be the next Gates or Jobs? Dude, you bought a Samsung? Follow Reuters Facebook Twitter RSS YouTube Read Taliban "poised to retake Afghanistan" after NATO pullout | 2:00pm EST Indiana becomes 23rd "right-to-work" state 3:36pm EST Obama presses Congress to step up aid for homeowners 2:29pm EST Russia says will veto "unacceptable" Syria resolution | 2:33pm EST After Florida win, Romney stumbles in comments on poor | 4:19pm EST Discussed 145 U.S. outrage as Egypt bars Americans from leaving 71 Romney wins Florida Republican presidential primary 68 Gingrich, Romney play for cheers in Florida debate Watched Iran sends toy drone to Obama Sun, Jan 29 2012 Boy's foetus twin shock Tue, Jan 31 2012 Newt Gingrich vows to fight on Tue, Jan 31 2012 Facebook execs gear up political influence arm Tweet Share this Email Print Factbox Factbox: Spending, fundraising in presidential race 10:42am EST Related News Analysis: Financial titans rally to Romney's cause 4:01pm EST Records show how wealthy shape presidential race 2:39pm EST Facebook to file $5 billion IPO Wednesday: IFR 2:38pm EST Congress puts brakes on anti-piracy bills Fri, Jan 20 2012 Analysis & Opinion M & A wrap: Can Facebook live up to the hype? Facebook IPO will put public markets to shame Related Topics Tech » Facebook » The Facebook logo is shown at Facebook headquarters in Palo Alto, California May 26, 2010. Credit: Reuters/Robert Galbraith By Alina Selyukh and Jasmin Melvin WASHINGTON | Wed Feb 1, 2012 3:35pm EST WASHINGTON (Reuters) - Preparing to join the ranks of publicly traded companies, Facebook Inc is also beefing up its presence in the U.S. capital with a first report of money pouring into its newly created political fundraising arm. A latecomer to Washington, the social networking site is joining scores of powerful technology companies such as Microsoft Corp and Google Inc that have political action committees (PACs) used to raise funds for donations to political campaigns or causes. The Facebook PAC, officially registered in December, last year raised just above $170,000, predominantly from Facebook's own executives and employees, according to its filing with the Federal Election Commission (FEC). Co-founder and newly minted billionaire Chief Executive Mark Zuckerberg gave $5,000, and so did investors Marc Andreessen, James Breyer, and Peter Thiel. Thiel last year also contributed to a so-called Super PAC Endorse Liberty that supports Ron Paul. Facebook PAC also received $5,000 from Erskine Bowles, another member of the board of directors who was U.S. President Bill Clinton's chief of staff and helped lead a deficit-reduction panel last year. The only spending the PAC did last year was on credit card and other processing fees, filings showed. U.S. regulators are cracking down on Web giants they view as compromising user privacy to attract advertisers, and Facebook found itself in their crosshairs last year. The company settled with the Federal Trade Commission, agreeing to be regulated for a period of 20 years whenever it decides to change its privacy policy. In addition to privacy issues, Facebook has also thrown its hat into debates over patent reform, online piracy and cybersecurity, among other topics. The company is readying for what is expected to be one of the largest U.S. market debuts in history with a $5 billion initial public offering. Facebook significantly ramped up its Washington presence and spending last year as the company's practices attracted growing scrutiny from lawmakers and regulators, forcing the social networking site to beef up efforts to protect its interests. The Menlo Park, California-based company added experienced political staffers to its Washington-based public policy team, including Joel Kaplan, former deputy chief of staff to President George W. Bush. Kaplan gave $5,000 to the PAC and is treasurer. With a new powerhouse team in place, Facebook's lobbying expenditures skyrocketed in 2011 to $1.35 million from under $400,000 in 2010, according to data from the Center for Responsive Politics. Still, the company's lobbying pales in comparison to larger tech firms with Google spending $9.68 million and Microsoft spending $7.34 million on federal lobbying in 2011. A Facebook spokesman was not immediately available for comment. (Reporting by Alina Selyukh and Jasmin Melvin; Editing by Richard Chang) Tech Facebook Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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