Facebook is now the biggest corporate lobbying spender in the US. How big? The tech titan spent $19.7m on lobbying in 2020, more than twice as much as Big Oil’s Exxon Mobil ($8.7m) and Big Tobacco’s Phillip Morris ($7m), according to a new report published by Public Citizen.

My, how things have changed. For decades tech firms largely ignored Washington politics with the hope they would be left alone. The tech industry spent less than $20m on lobbying as recently as 2010. No longer. In 2020 Big Tech spent $124m on lobbying and campaign contributions. In addition to Facebook, the list of tech lobbyists includes Amazon ($18m), Alphabet ($7.5m) and Apple ($6.7m)...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.