These companies spent millions on political adds on Facebook

TX-Sen Ted Cruz crowd roars with laughter to senator’s response when someone shouted ‘lock him

The Democratic challenger to incumbent Sen. O'Rourke, whose Beto for Texas campaign shelled out $5.37 million on Facebook sites from May to October 20, was the biggest spender in that period on ads 'related to politics and issues of national importance, ' Facebook said.

The report showed that just shy of $256.4 million was spent on almost 1.7 million politically-oriented ads archived since May of this year. What is interesting is that the report will also highlight the amount spent by each political party or individual, along with the number of ads they have run in a given week.

Ben & Jerry's, a part of Unilever, has spent more than $401 000 since May on various ads, including one supporting a Florida ballot measure that would let felons vote.

The Trump Make America Great Again Committee, the joint fundraising committee the president shares with the Republican National Committee and state parties, spent $3.14 million. Facebook archived about 1.7 million political or issue advocacy ads in that time.

Tesla (TSLA) Releases Quarterly Earnings Results
Thanks to the production push for the Model 3 over the summer, Tesla was able to rack up $312 million in profits for Q3. Tesla had promised to produce 5,000 Model 3s every week by the end of past year , but only managed to make 2,700 units.

Oil giant ExxonMobil has spent more than $2.1 million on Facebook ads since May, more than any corporation beside online petition service Care2.com Inc. Proposition 112 would set minimum distance requirements for new gas and oil projects.

Facebook has launched a new searchable database for buyers of political ads in the United States, Reuters reports.

Several politically active 501 (c)(4) s made the list, including the Koch's Americans for Prosperity, which took out ads making the case for cutting discretionary spending and passing a bill that targets union regulations, among other issues.

Since May, more than a quarter of a billion dollars has been spent on ads relating to "politics and issues of national importance" on Facebook, according to the company. It's also facing stepped-up scrutiny from lawmakers who accuse the Menlo Park, California-based company of political bias and mishandling user information.

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