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

Facebook surpasses Amazon and Google in lobby spending in the second quarter



Facebook Inc. invested US $ 4.1 million in lobbying in Washington in the second quarter to outpace the expenses of other so-called FAANG companies and spearhead the technology giant for yet another record year of spending on influencing regulators and regulators to keep.

Amazon.com Inc.

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were not far behind with $ 4 million in lobbying spending over the same period, as they also remained at record levels, according to Monday's submissions.

Alphabet Inc. & # 39; S

toget, + 0.72%

togetL, + 0.78%

Google spent $ 2.9 million on Apple Inc. between April and June ,

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provided $ 1.8 million, and Netflix Inc.

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spent a relatively modest $ 200,000.

Lobbying comes about when Big Tech deals with antitrust investigations, and the Justice Department openly announces a review on Tuesday – and as some politicians say, titans from Silicon Valley should split up. As part of the Cambridge Analytica scandal and other malpractices on Facebook, companies are also examining how to handle their users' data and deal with misinformation and political prejudice. Legislators have discussed the potential for a bipartisan law that would lead to better personal data protection, although analysts say this is unlikely as parties divide up the potential for federal primacy of state law.

Read more: The day of tech billing on Capitol Hill was long and hard.

See also: The House Judiciary Committee urges Big Tech for anticompetitive behavior.

Facebook

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The disclosure for the second quarter of 2019 showed that it deals with issues such as data security, privacy legislation, visas for high-tech workers, artificial intelligence, tax policy and replacement North American Free Trade Agreement. The social media company has also started employing external lobbyists to introduce Libra's cryptocurrency to policymakers, a Politico report said Tuesday.

Related Topics: The scale of Facebook could be more dangerous than September 11, says the congressman.

Amazon's recent revelation reiterated its tremendous reach and demonstrated its commitment to reforming the US postal service, American tariffs, face recognition technology. Cloud computing, music licenses, drone laws and more. The e-commerce giant's lobby efforts have grown as it has increased its presence in the Washington, DC area by establishing a second headquarters in Northern Virginia.

Check out: Do not delay the JEDI cloud deal, tell the Republican legislator Trump

And read: Jeff Bezos of Amazon occupies 1st place among the S & P 500 CEOs on Political Spending

Google's submission showed that the company lobbied on issues such as competition in online advertising, the enforcement of intellectual property rights, the moderation of online content, highly skilled immigration , antitrust and net neutrality. Apple's many topics included tax reform, government requests for data and mobile payments, and the development of autonomous vehicles. Netflix focused on topics such as broadband caps, privacy and Internet competition.

According to Height Capital Markets analysts, companies could avoid laws that set them short in the short term, thanks to the fact that Democrats and Republicans have different priorities.

] "While both sides have recently focused on big-tech issues, Republicans are more focused on prejudice against conservatives, while Democrats are more focused on antitrust," the analysts wrote. "Given this, we see little room for a law that can actually be implemented in the short term."

Related: Facebook earnings appear to be immune to the Big Tech backlash – for the time being

And see: Facebook pays $ 5 billion for comparison with FTC [19659002] In the first quarter of this year, Amazon spent $ 3.9 million on lobbying, while Facebook and Google each paid $ 3.4 million, Apple $ 1.9 million, and Netflix $ 200,000.

The sizable editions of technology titans, which should affect Washington in the first half of 2019, are due to substantial spending over the past year. Google spent $ 22 million, Amazon $ 14 million, and Facebook $ 13 million in 2018, which is a record level of annual spend for each company. That's from data from OpenSecrets.org, a money-tracking website run by the bipartisan Responsive Politics Center.

"Amazon offers its customers a wide range of products and services, and we are always looking for ways to innovate on their behalf. Our Washington, DC team is focused on making sure we're committed to issues that matter to our customers, our employees and policymakers, "said a spokeswoman for Amazon.

Facebook, Google and Netflix refuse to comment on their latest claims Apple has not responded to a request for comment.

Apple issued $ 6.7 million in lobbying in 2018 after $ 7.2 million in 2017, while Netflix spent $ 800,000 after peaking at $ 1.3 million in 2015.

Facebook's share rose 54% this year to 33%, and Apple has jumped 32%. Netflix has tackled 15%, while Google is 10% higher. The S & P 500

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added 20%.

This report was first published on July 23, 2019.


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