These companies spent millions on political adds on Facebook

These companies spent millions on political adds on Facebook

These companies spent millions on political adds on Facebook

Facebook's "Ad Archive" catalogs ads about politics or "issues of national importance", who sponsored them, and how much those sponsors have spent since May.

In an effort to grow transparency, Facebook launched the report that shows the amount of money that was put towards Facebook advertisements from May 2018 to October 20th of this year.

Congressman Beto O'Rourke has broken fund-raising records in his challenge to Texas Senator Ted Cruz, but on a CNN townhall this new liberal "Wonder Boy" made comments that should doom his $60 million campaign and terminate his political future.

Sen. Kamala Harris of California, who is considered a top Democratic presidential contender in 2020, also was among the big spenders, buying more than $1 million in advertising on Facebook. In total, it reaped $256.4 million in revenue from political ads this campaign cycle. Numerous company's ads qualify as relating to "issues of national importance". Meanwhile, less than two weeks from the election, billionaire and newly re-registered Democrat Michael Bloomberg has given an additional $10 million to his super PAC, Independence USA, to support Democrats in the midterms, CBS reports. Still, Inside Elections with Nathan L. Gonzales rates the race Likely Republican. The group was reported to have spent $5.4 million on 6,024 ads.

Also, according to Facebook, nearly $5 million has been spent running ads on President Donald Trump's main Facebook page, "Donald J. Trump".

Other big names logging more than a million dollars in Facebook ads included the National Republican Congressional Committee, Tom Steyer's Need to Impeach super PAC, Planned Parenthood, Kamala Harris and NextGen Climate Action Committee, according to OpenSecrets. The company has brought in new rules for political ad-buyers in light of the 2016 election campaign, when Russian operatives targeted Americans with political ads. They include Concealed Online, which sells a service allowing users to apply for a concealed carry permit online, and shares an address with Premier Business Centers, a service offering co-working space and virtual offices.

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