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Home / Business / Facebook tops Amazon and Google in second quarter lobby spending

Facebook tops Amazon and Google in second quarter lobby spending



Facebook Inc. spent $ 4.1 million in lobbying in Washington in the second quarter, peaking outlays from other so-called FAANG companies and keeping technology giant up and running for another record year to influence lawmakers and regulators.

Amazon.com Inc.

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was not far behind with $ 4 million in lobby spending over the same period, as it also kept record high, according to revelations filed Monday.

Alphabet Inc. & # 39; s

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.25%

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The Google business spent $ 2.9 million from April to June, Apple Inc.

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charged $ 1.8 million, and Netflix Inc.

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spent relatively modest $ 200,000.

The lobby comes when Big Tech deals with antitrust probes, with the Ministry of Justice openly announcing a review Tuesday – and as some politicians say Silicon Valley titans should be broken up. In the wake of Facebook's Cambridge Analytica data harvesting scandal and other foul-ups, companies also face greater control over how they handle their users' data, as well as how to handle misinformation and political bias. Lawmakers have talked about the potential of a bipartite law that will lead to better security measures for personal data, even though analysts say it is unlikely due to a partisan split over the potential for federal dispensation of state laws.

Read more: Tech's Billing Day at Capitol Hill was Long and Hard

See also: House Judge Committee Presses Big Tech on Competitive Limitations

Facebooks

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disclosure for the second quarter of the 2019 showed that there were concerns about issues such as data security, privacy laws, high-tech workers' visas, artificial intelligence, tax policy, and North American Free Trade Agreement replacement. The social media company has also begun to use outside lobbyists to turn its Libra cryptocurrency into policy makers, a Politico report said Tuesday.

Related: Facebook's Wave may be more dangerous than 9/11, Congressman said

Amazon's latest disclosure once again highlighted its vast reach and showed it stumbled upon US postal service reform, US tariffs, face recognition technology cloud computing, music licensing, drones and many other issues. The e-commerce giant's lobbying effort has increased while expanding the footprint in Washington, D.C., by setting a second headquarters in Northern Virginia.

Check out: Don't delay JEDI cloud agreement, says Republican lawmakers Trump

And read: Amazon's Jeff Bezos ranks No. 1 among S&P 500 CEOs in political spending [19659002] Google's archives showed that there were issues such as competition in online advertising, intellectual property enforcement, online moderation, high-level moderation, antitrust law, and net neutrality, while Apple's many issues include tax reform, data regulatory requests, mobile payments, and autonomous vehicle development . Netflix focused on issues such as broadband cable, privacy and internet competition.

Analysts from Height Capital Markets said in a recent note that companies can avoid legislation targeting them in the short term thanks to the different priorities of Democrats and Republicans. [19659002] While both sides have begun to focus on Big Tech problems recently, Republicans are more focused on bias towards conservatives while Democrats are more focused on antitrust, "the analysts wrote. "Given this, we see little room for any legislation to actually materialize in the short term."

Related: Facebook revenue is immune to the Big Tech setback – for now

And see: Facebook paid $ 5 billion in settlement with the FTC

In this year's In the first quarter, Amazon spent $ 3.9 million on lobbying, while Facebook and Google each paid $ 3.4 million, Apple raised $ 1.9 million, and Netflix spent $ 200,000.

The significant cost of technology titles for influencing Washington in the first half of the year follows large outlays last year. Google posted $ 22 million, Amazon spent $ 14 million, and Facebook deposited $ 13 million in 2018, representing a record level of annual spending for each company. It is according to data from OpenSecrets.org, a site that tracks money in politics run by the non-partisan Center for Responsive Politics.

“Amazon offers a wide range of products and services for our customers, and we are always looking for ways to innovate on their behalf. Our team in Washington, DC, is focused on ensuring that we address issues that are important to our customers, our employees, and our decision makers, "said a Amazon spokeswoman.

Facebook, Google and Netflix refused to comment on their latest disclosures, while Apple did not respond to a request for comment.

Apple spent $ 6.7 million on lobbying in 2018, down from $ 7.2 million in 2017, while Netflix modest $ 800,000, down from a top 1 , $ 3 million in 2015.

Facebook's share has gained 54% this year, Amazon has advanced 33%, and Apple is up 32%, Netflix has tackled 15%, while Google is higher by 10%.

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added 20%.

This report was first published July 23, 2019.


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