Google Overtakes Goldman Sachs in U.S. Political Donations

According to the Financial Times, Google has overtaken Goldman Sachs in U.S. political donations, “in a sign of Silicon Valley’s increasingly assertive efforts to shape policy and counter critical scrutiny in Washington.”

“Google’s political action committee, NetPAC, has spent more money on political campaigns this year than Goldman, at $1.43m, just edging out the $1.4m by the bank that is famous for its political connections. That is a marked change from the last midterm election in 2010, when Google spent only a third as much as Goldman.”

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