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Photo: Valera Golovniov/SOPA Images/LightRocket via Getty Images

Facebook is halting political spending for at least the first quarter of 2021 following last week's deadly attack on the Capitol.

Why it matters: Tech companies have been de-platforming President Donald Trump and his supporters at a rapid pace since the attacks, and freezing political giving may be the next step tech companies take to show they're seriously rethinking their approach to Washington.

Details: Facebook will freeze all contributions from its political action committee and is launching a review of its political spending practices, company spokesman Andy Stone told Axios.

The big picture: Microsoft also said in a statement Monday that it is pausing political giving "until after it assesses the implications of last week’s events." Google spokesman José Castañeda said "We have frozen all NetPAC political contributions while we review and reassess its policies following last week's deeply troubling events."

  • Historically, tech PACs have given to both Republican and Democratic candidates, sometimes rankling Silicon Valley's predominantly left-leaning workers. Microsoft said its PAC "regularly pauses its donations in the first quarter of a new Congress, but it will take additional steps this year to consider these recent events and consult with employees."
  • Major banks and other corporations have also frozen corporate political giving in the wake of the attack. Other tech companies are likely to follow suit.

Between the lines: "This is the death knell of PACs for tech companies with activist employees," one source told Axios. "This is the final straw."

Editor's note: This story has been updated to add new information about Microsoft and Google pausing their own PAC activity.

Go deeper

Jan 29, 2021 - Technology

Facebook seeks a new head of U.S. public policy

Illustration: Sarah Grillo/Axios

Facebook is looking externally for a new U.S. policy chief as it moves Kevin Martin, a Republican who now holds the job, to a different position, per a memo seen by Axios.

Between the lines: Facebook is moving on from the Trump era in which Republicans held most of the power in Washington and Facebook was particularly eager among tech companies to forge warm relations with GOP policymakers.

Trump PACs raise over $82M for first half of 2021

Former President Trump during the Conservative Political Action Conference in Dallas, Texas, on July 11. Photo: Brandon Bell/Getty Images

Former President Trump's political action committees (PACs) raised more than $82 million in the first half of 2021, per Federal Election Commission filings published on Saturday.

Why it matters: It's a significant amount for a former president who's been banned from major social media platforms. It demonstrates his ability to raise huge sums of money should he choose to run for the presidency for a third time.

Updated 49 mins ago - Sports

Olympics dashboard

Team USA's Caeleb Dressel celebrates winning gold in the final of the men's 50m freestyle swimming event at the Tokyo 2020 Olympic Gameson Sunday. Photo: Odd Andersen/AFP via Getty Images

🚨: Simone Biles won't compete in Olympic floor finals, individual vault or uneven bars

🏊: U.S. wins gold in men's 4x100-meter medley relay, earning Caeleb Dressel fifth gold — American Bobby Finke wins gold in men's 1,500-meter freestyle

🏊‍♀️: Katie Ledecky wins gold in women's 800m freestyle

🇬🇧: Britain wins gold in first-ever Olympic mixed 4x100m medley relay

💻: Japan tests teleporting games and "remote cheering"

🏳️‍⚧️: Axios at the Olympics: Games grapple with trans athletesTrans athletes see the Tokyo Games as a watershed moment

Go deeper: Full Axios coverage