WASHINGTON – Large tech companies are gearing up for new administration and control of their businesses with a time-tested strategy: opening their wallets.
Facebook Inc. and Amazon. com Inc. outperformed all other US companies in federal lobbying spending last year, according to a Wall Street Journal analysis of the most recent revelations. It was the second consecutive year that they spent more than any other company, including backers like AT&T Inc. and Boeing Co.
Facebook, facing federal and state antitrust lawsuits and a series of hearings convening CEO Mark Zuckerberg in Washington, spent nearly $ 20 million in 2020, nearly 18 percent from the previous year.
Amazon, which first saw CEO Jeff Bezos testify before Congress and continued to push to expand its business as a government contractor, spent about $ 18 million last year, up about $ 11 million. % compared to spending in 2019.
“We have been clear that the internet needs updated regulations, which is why we will continue to express our support for the new rules that address today’s online realities,” a Facebook spokesperson said.
- According to this source Facebook and Amazon increased their lobbying spending in 2020
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