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Facebook, Amazon were biggest lobbying spenders last year: report

Facebook, Amazon were biggest lobbying spenders last year: report

Facebook
and
Amazon
spent
more
money
lobbying
Washington
than
any
other
American
company
last
year
as
the
feds
sought
to
rein
in
their
expansive
power,
a
new
report
says.

With
the

Federal
Trade
Commission
looking
to
break
up
its
business

and
Congress
eager
to
grill
CEO
Mark
Zuckerberg,
Facebook
increased
its
lobbying
budget
by
almost
18
percent
to
nearly
$20
million
in
2020,

according
to
The
Wall
Street
Journal
.

Amazon,
meanwhile,
shelled
out
about
$18
million

a
roughly
11
percent
increase
from
2019’s
levels

as
chief
executive
Jeff
Bezos
made
his
first
appearance
before
Congress
while
the
company
unsuccessfully

fought
for
a
$10
billion
Pentagon
contract
,
the
paper
reported
Sunday.

Last
year
was
the
second
straight
in
which
the
two
tech
titans
outspent
the
rest
of
corporate
America

including
Silicon
Valley
rivals
such
as
Apple
and
Google,
which
shrank
their
lobbying
spending
to
$6.7
million
and
$7.5
million,
respectively,
according
to
the
Journal’s
analysis
of
federal
disclosures.

The
spending
came
as
the
Trump
administration

filed
blockbuster
antitrust
lawsuits

against
Facebook
and
Google
along
with
attorneys
general
from
dozens
of
states.

That
pressure
is
unlikely
to
ease
up
under
President
Biden
and
the
Democratic
Congress,
whose
House
Judiciary
Committee

released
a
scathing
report

accusing
Apple,
Amazon,
Facebook
and
Google
of
running
“the
kinds
of
monopolies
we
last
saw
in
the
era
of
oil
barons
and
railroad
tycoons.”

Facebook
reportedly
stood
by
its
lobbying
efforts,
telling
the
Journal
that
it
will
“continue
voicing
our
support
for
new
rules
that
address
today’s
realities
online.”

“Our
Washington,
DC,
team
is
focused
on
ensuring
we
are
advocating
on
issues
that
are
important
to
policymakers,
our
employees
and
our
customers,”
an
Amazon
spokeswoman
told
the
paper.


Source : Noah Manskar Link

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