A PYMNTS Company

Tech Giants Boosted Lobbying Spending In 2020

By  |  January 25, 2021

Big technology companies are bracing for a new administration and new scrutiny of their businesses with a time-tested strategy: opening their pocketbooks, reported the Wall Street Journal.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Facebook and Amazon topped all other US companies in federal lobbying expenditures last year, according to a Wall Street Journal analysis of the most recent disclosures. It was the second straight year they outspent all other companies, including stalwarts such as AT&T and Boeing.

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Facebook, facing federal and state antitrust lawsuits as well as a series of hearings summoning CEO Mark Zuckerberg to Washington, spent nearly US$20 million in 2020, up nearly 18% from the previous year.

    Amazon, which saw CEO Jeff Bezos testify before Congress for the first time and continued pressing to expand its business as a government contractor, spent about US$18 million last year, up about 11% from 2019 spending.

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.