Express

Firms Increase Lobbying As Anti-Trust Scrutiny Continues To Rise

Roland James

Summary: Big Tech companies such as Facebook, Amazon, Microsoft and Apple are on pace to reach record high lobbying expenditures, according to the Wall Street Journal. Facebook has spent $12.3 million on lobbying, a 25% increase from this time last year. Amazon the top spender at $12.4 Million, saw a 16% jump in spending this year. ...

Big Tech companies such as Facebook, Amazon, Microsoft and Apple are on pace to reach record high lobbying expenditures, according to the Wall Street Journal.

Facebook has spent $12.3 million on lobbying, a 25% increase from this time last year. Amazon the top spender at $12.4 Million, saw a 16% jump in spending this year. These aren’t the only companies that have seen significant jumps as both Apple (8%) and Microsoft (9%) have ramped up their lobbying. This spending appears to be a result of the increased scrutiny that tech companies have received from the U.S. government.

By Roland James

Last Update:

Tags: ,,,
Link: Firms Increase Lobbying As Anti-Trust Scrutiny Continues To Rise   [Copy]
  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 8 hours ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 1 day ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 4 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 5 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 7 days ago
  • You need to login to comment.