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Facebook report shows backers of United States political ads

Facebook report shows backers of United States political ads

Also among the top spenders is the oil company Exxon Mobil, which has spent nearly $2 million on ads on Facebook since May. The social-media company has been running a campaign totaling $12.5 million worth of ads on Facebook and Instagram, seeking to convince the public that it's addressing big issues - such as misinformation and election interference.

Facebook's increased focus on transparency in advertising prompted the company on Tuesday to release a weekly ad archive report that details the number of political ads that have run since May 2018-as well as how much advertisers are spending.

The Democratic candidate who is trying to unseat Senator Ted Cruz (R-Texas) is reporting historic fundraising totals, but it has not translated to higher poll numbers.

The report, which houses political ads for up to seven years, will be available to anyone regardless of whether they are a Facebook user or not, the company said.

U.S. Senate candidate Beto O'Rourke of Texas has spent more than any other U.S. politician this election cycle, according to newly released data from Facebook.




Despite O'Rourke's deep pockets, Sen. O'Rourke has spent all but $10.3 million of the fundraising haul, $21 million of the spending occurring in the first 17 days of October.

Fox News has ranked the Texas Senate race as "likely Republican".

Donald J. Trump, who repeatedly has accused the social media giant of liberal bias, spent almost $5 million on more than 100,000 ads purchased through his Make America Great Again Committee and his Trump for President organization.

The more than $100 million that has been poured into the two campaigns does not account for the additional millions of dollars that have been raised by outside groups involved in the race.

But some big spenders on ads "related to issues of national importance" appear to be vendors chiefly interested in making money.

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