Meta Pulls Back $25 Million From Midterm Spending After Building a $65 Million Push
Updated
Updated · The New York Times · Oct 16
Meta Pulls Back $25 Million From Midterm Spending After Building a $65 Million Push
2 articles · Updated · The New York Times · Oct 16
Summary
$25 million flowed back to Meta this summer from political groups it had funded, cutting its midterm-election war chest by about 40% from the original $65 million plan.
The biggest refund came from the American Technology Excellence Project, which returned $22 million in July and August after Meta had given it $45 million in September 2025, according to IRS filings made public this week.
Meta said the refunds were part of spending “adjustments” and that it is now focused on backing candidates in the general election after more than 90% of those it supported won their primaries.
The pullback is unusual in campaign finance, where outside groups typically carry money across cycles and large refunds are rare outside scandals, even as Meta sits on more than $90 billion in cash.