Twitter Shuts Down PAC, Donates Remaining Money To Charities
Twitter has terminated its corporate political action committee, according to a Thursday FEC filing first reported by Business Insider, even as other tech companies continue to support candidates through their own PACs.
Twitter had $117,179 left in the bank, and donated half to the NALEO Educational Fund, a nonpartisan non-profit that works for boost Latino participation in politics, and the Ross Initiative in Sports for Equality, which focuses on ending racial discrimination in athletics.
Corporations themselves can’t donate directly to PACs, but they can form business PACs that are funded entirely by employees.
Twitter Inc. #PAC hasn’t donated to any federal candidate since 2018, according to FEC filings, and has only spent $750 on banking fees.
In the 2018 election cycle, the PAC donated $10,700 to federal candidates, 47% of whom were Democrats and 53% were Republicans, according to OpenSecrets.
In a statement, a Twitter spokesperson said it closed its PAC because doing so is “in line with our belief that political influence should be earned, not bought.”