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- Facebook is stopping donations to political parties for at least three months, Axios reported Monday.
- JP Morgan and Citibank had already made the move, while other companies have said they will cut off donations just to GOP lawmakers who objected to certifying Democrat Joe Biden as president.
- Facebook last week suspended President Donald Trump’s Facebook account “indefinitely.”
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Facebook is temporarily stopping all donations to political parties after a mob of pro-Trump supporters violently stormed the US Capitol, Axios reported.
The company is pausing all donations to both Democrats and Republicans for at least the first quarter of 2021, company spokesman Andy Stone told Axios Monday, by freeze all contributions to its political action committee (PAC).
It will also review how it awards political donations, Stone said.
Facebook did not immediately respond to Insider’s request for comment.
JP Morgan and Citibank have also said they will temporarily pause all political donations, while other companies, including Dow, Marriott, and Morgan Stanley, are cutting off donations specifically to GOP lawmakers who objected to certifying Democrat Joe Biden as president.
Facebook indefinitely suspended President Donald Trump's Facebook account on Thursday, which will last at least until President-elect Biden is inaugurated on January 20.
This is a developing story....