Facebook doubles down on political ambitions with sponsorship of both major conventions

May 6, 2016 8:40 am

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Those thinly veiled shots that Facebook CEO Mark Zuckerberg took at Donald Trump last month apparently had no bearing on how his company spends its money.

The social network said Thursday that it will sponsor both the Republican and the Democratic conventions this summer — providing both events with financial backing, a “Facebook Lounge” on the premises and other forms of support.

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Facebook said in a statement that its involvement in the events does not mean the company is vouching for any particular candidate or party. Rather, it considers the sponsorship to be a chance to encourage its users to participate in the election. Read more…

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