[ad_1]
WASHINGTON – Big tech companies are gearing up for a new administration and new control of their activities with a proven strategy: open their wallets.
Facebook Inc. and Amazon. com Inc. topped all other U.S. companies in federal lobbying spending last year, according to a Wall Street Journal analysis of the latest disclosures. It was the second year in a row that they were spending more than any other company, including mainstays like AT&T Inc. and Boeing Co.
Facebook, facing federal and state antitrust lawsuits as well as a series of hearings summoning CEO Mark Zuckerberg in Washington, spent nearly $ 20 million in 2020, up nearly 18% from the previous year. last year.
Amazon, which saw CEO Jeff Bezos testify before Congress for the first time and continued to push to expand his business as a government entrepreneur, spent around $ 18 million last year, up from around 11% compared to 2019 spending.
“We have made it clear that the internet needs updated regulations, which is why we will continue to express our support for the new rules that respond to today’s realities online,” said a spokesperson for Facebook.
[ad_2]
Source link