By Kevin McCauley
Facebook has hired Patton Boggs to tackle privacy, Internet/technology policy, tax and youth protection issues that may emerge on Capitol Hill.
Former Federal Communications Commission chair Kevin Martin leads the Facebook team. He helmed the FCC from 2005-09, a span in which the number of broadband lines in the U.S. doubled to more than 100M.
Martin is assisted by Manny Rossman, chief of staff to former Republican Senate whips Trent Lott and Jon Kyl, as well as Jeff Turner, chair of PB's public policy, administrative and regulatory unit.
Facebook shares, which went public at $38, hit a low of $18.75 yesterday.
Stock of the social networker face more downward trading pressure as lockup expirations on an additional 1.4B shares are due over the next three months. |