• Facebook is one of the big-tech entities behind American Edge, a new lobbying group in DC to fight antitrust regulators and push back against lawmakers trying to rein in Big Tech.
"Facebook is working behind the scenes to help launch a new political advocacy group that would combat U.S. lawmakers and regulators trying to rein in the tech industry, escalating Silicon Valley's war with Washington at a moment when government officials are threatening to break up large companies," reports Tony Romm at the Washington Post:
The organization is called American Edge, and it aims through a barrage of advertising and other political spending to convince policymakers that Silicon Valley is essential to the U.S. economy and the future of free speech, according to three people familiar with the matter as well as documents reviewed by The Washington Post. The people spoke on the condition of anonymity to describe the group because it hasn't officially been announced.
In December, American Edge formed as a nonprofit organization, and last month, it registered an accompanying foundation, according to incorporation documents filed in Virginia. The setup essentially allows it to navigate a thicket of tax laws in such a way that it can raise money, and blitz the airwaves with ads, without the obligation of disclosing all of its donors. Many powerful political actors — including the National Rifle Association — similarly operate with the aid of "social welfare" groups.
Facebook is viewed as a critical, primary driver in helping to launch American Edge, the sources said, though some cautioned it is not the only one. On the group's board are a former Republican governor, federal regulator and Democratic congressman, according to people familiar with the effort, and it's being advised by a stable of veteran Democratic and Republican consultants.
Asked about the group, Facebook confirmed its participation. "The U.S. leads the world in technology and we should be proud of that fact and promote it," spokesman Andy Stone said in a statement. "We're working with a diverse group of stakeholders to help build support for our industry, and while we're leading an effort to start this coalition, it's one of many we are contributing to and supporting."