Tech Giants Broke Their Spending Records on Lobbying Last Year | Tech News

Tech Giants Broke Their Spending Records on Lobbying Last Year

Tech Giants such as Amazon, Apple, and Microsoft broke their lobbying spending records last year. Here's why.

By:BLOOMBERG
| Updated on: Feb 02 2023, 19:31 IST
Change the sound of an incoming Microsoft Teams call and dance along! Here is how
Microsoft
1/5 Getting work done starts with the sound of an incoming Microsoft Teams call. And it can be good to bring in a fresh spin to a classic melody to those first few notes of the jingle.  (Pixabay)
image caption
2/5 Teams enthusiasts have created multiple remixes and one of them has now been added as a Teams ringtone, to ensure that you get a pleasant productivity call each time. Here’s how to use the Microsoft Teams feature-  help yourself and dance along:  (Pixabay)
image caption
3/5  Microsoft Teams users have always had the ability to change their Teams ringtone from the Settings menu, under the Calls tab.    (Pixabay)
image caption
4/5  Click on the Calls tab, and then under Ringtones you will notice a dropdown menu appear. Select the “Remix” ringtone.    (microsoft)
image caption
5/5  If the new ringtone does not appear in the dropdown, go to "Menu” and click on "check for updates.”    (Microsoft)
Microsoft
icon View all Images
Microsoft, which faced battles against the other tech giants as well as the FTC, spent almost $10 million, notching just slightly more than it spent at its last peak in 2013. (AFP)

Amazon.com Inc., Apple Inc. and Microsoft Corp. broke their lobbying spending records last year as they fended off heightened scrutiny of their business models and power over the US economy.

Meta Platforms Inc. and Alphabet Inc.'s Google spent slightly less than previous years, but they both still landed among the top 10 spenders in Washington.

In total, the top tech companies spent nearly $70 million on lobbying in 2022, outstripping other industries including pharmaceuticals and oil and gas, according to a Bloomberg News tally of lobbying disclosures filed with Congress. The companies spent millions more on their wide array of trade groups, nonprofits and think tanks in Washington, but they aren't required to disclose those numbers.

The heavy spending reflects how seriously the companies took the regulatory and legislative threats they were facing. Congress nearly passed landmark antitrust legislation that would have reined in their business practices, potentially costing them billions of dollars. Meanwhile, the Biden administration ramped up its scrutiny of the industry, with the Federal Trade Commission and Justice Department both suing and investigating the major tech companies.

Apple spent a total of $9.36 million in 2022, a dramatic increase that tops the $6.5 million the company spent in 2021. Amazon spent nearly $20 million, outpacing a previous high of $19 million. And Microsoft, which faced battles against the other tech giants as well as the FTC, spent almost $10 million, notching just slightly more than it spent at its last peak in 2013.

Amazon, Microsoft, Meta and Google spent slightly less on campaign contributions through their political action committees, or PACs, compared to the last election cycle, according to a review of year-end filings with the Federal Elections Commission released on Tuesday. Apple does not have its own PAC.

But some individual tech executives increased their political giving, particularly to Republicans who are now in leadership positions overseeing the industry in Congress. Many of those Republicans have lambasted the tech giants, complaining about the companies' power over online speech and ties to China.

Apple's government affairs executive Tim Powderly gave $5,000 to California Republican Kevin McCarthy in the run-up to his election as House Speaker. He also gave $2,900 to Ohio Republican Jim Jordan, the new chair of the House Judiciary Committee, which has jurisdiction over some technology issues.

Meta's head of US public policy Kevin Martin and Amazon's associate general counsel Michael Deal each gave $1,000 to Washington Republican Representative Cathy McMorris Rodgers, the head of the House Energy and Commerce Committee, which also oversees the tech companies. Google's public policy and government relations manager Andrew Ladner gave $1,000 to House Majority Leader Steve Scalise of Louisiana.

Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. For our latest videos, subscribe to our YouTube channel.

First Published Date: 02 Feb, 19:31 IST
NEXT ARTICLE BEGINS