Every four years, presidential candidates raise hundreds of millions of dollars that they pour into events, appearances, staffing, TV ads, and, increasingly, targeted social media campaigns.
At the end of August, Vice President Kamala Harris had and former President Donald Trump had raised $134.6 million, according to public filings with the Federal Election Commission.
What's more, according to data analyzed by researchers at the Syracuse University Institute for Democracy, Journalism & Citizenship, the Harris campaign outspent the Trump campaign on Meta platforms, including Facebook and Instagram, in the 12 months leading up to September. That's despite Harris' late entrance into the race at the end of July.
analyzed advertising data from Meta made public by to illustrate how the Republican and Democratic parties and political influencers are spending advertising dollars on Facebook and Instagram ahead of the hotly contested presidential election. Data was collected from Meta in partnership with Neo4j and analyzed by the IDJC. The database includes posting and spending activity for almost the last year, spanning September 2023 through August 2024.
While he was outspent over the period studied, former President Trump also owns his own social media platform, Truth Social, where he pushes his platform to loyal followers. Elon Musk, the current owner of X, formerly known as Twitter, has been one of Trump's closest allies over the course of this campaign.
Seven of the top 10 Facebook pages with the highest ad spending over the period studied were progressive-leaning pages, according to the IDJC. Two of the top 10 were conservative-leaning pages, and one—for Robert F. Kennedy Jr.—was labeled cross-ideological.
The findings match overall campaign spending trends in FEC data where the Harris campaign is on track to have nearly twice the cash on hand compared to the Trump campaign. Cash on hand represents the money the campaign has in the bank after expenses at any given point in time, as opposed to the total money raised. The 2020 election represented the for both the presidential race and congressional races. For political parties hoping to pass their agendas, winning more seats in the House and Senate is equally important to gaining the White House.
This year, AdImpact projects , making it the most expensive cycle of all time. That figure includes not only the presidential and congressional races but also gubernatorial races and down-ballot spending on local elections. While most of that money will be funneled into ads appearing on cable and broadcast television, $1.2 billion is projected to go into digital—ads appearing online and on social media networks.
Over the years, social media has been a powerful tool in boosting election and civic engagement information among younger citizens who have historically not exercised their right to vote. Meanwhile, strategically placed misinformation on social media platforms can also negatively impact and .
Read on to see how the pages spending the most on this election cycle are trying to reach and influence users around the country.