Meta, led by Mark Zuckerberg, is reducing its political spending for the midterm elections, retracting $25 million from a pledged $65 million aimed at supporting AI-friendly candidates. Reports indicate that refunds were issued by two political action committees (PACs) associated with Meta, totaling $25 million. The company has previously supported candidates from both major parties, particularly in states considering AI regulations.
Key facts
- Meta withdrew $25 million from its pledged $65 million for midterm elections.
- Refunds totaled $25 million from two PACs supported by Meta.
- Meta's advocacy group spent about $1.2 million supporting Democratic nominee Xavier Becerra.
- Zuckerberg has increased his political influence, previously criticized by Trump.
- Meta contributed $5 million to Trump's ballroom project.
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