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Google top tech spender on lobbying: Report

Author: PTI/Wednesday, June 12, 2019/Categories: Technology

Google top tech spender on lobbying: Report

Washington: Google has spent USD 21.7 million on lobbying last year to influence lawmakers, becoming the leading corporate spender among the tech companies facing increasing scrutiny from US regulators over privacy practices and market control, according to a media report. 

Lobbying spending by tech companies has been on a steady rise in recent years and is way up over the past decade, according to the report in CNBC.  The report cited data from the Center for Responsive Politics, which is a non-profit, nonpartisan research group that tracks the effects of money and lobbying on elections and public policy.

As the biggest US technology companies face increasing scrutiny from regulators related to privacy practices and market control, they are spending a lot more money to try and influence lawmakers, it said.

"No company in America is pouring more money into those efforts than Google," the report said.

Last year, the company spent USD 21.7 million on lobbying, according to the Center for Responsive Politics. 

In 2009, Google spent just USD 4 million on lobbying, a number that increased fivefold by last year, it said.

For two straight years, it's been the top corporate spender, outranking traditional front-runners like Boeing and AT&T. Amazon and Facebook also reached record levels of lobbying expenditures in 2018, it said.

For years, with their market caps climbing alongside their consumer influence, the largest US tech companies have prepared for the day when their business practices would be more thoroughly scrutinized, the report said.

Reports surfaced last week that the Justice Department is preparing an antitrust probe of Google and has been given jurisdiction over Apple as part of a broader review into the tech industry. The Federal Trade Commission (FTC) has assumed oversight of Amazon and Facebook.

Even before the latest regulatory developments, lawmakers on both sides of the aisle were ratcheting up pressure on tech companies, the report said. PTI

 

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srikanth godavarthi

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