Facebook is halting political spending for at least the first quarter of 2021 following last week’s deadly attack on the Capitol.
Why it matters: Tech companies have been de-platforming President Donald Trump and his supporters at a rapid pace since the attacks, and freezing political giving may be the next step tech companies take to show they’re seriously rethinking their approach to Washington.
Details: Facebook will freeze all contributions from its political action committee and is launching a review of its political spending practices, company spokesman Andy Stone told Axios. Continue reading.