Tech giants like Google, Facebook, Amazon, and Apple are in the sights of the American authorities. As Congress begins to seriously consider the idea of new regulations to better enforce competition in their respective markets, these large companies are pulling out the checkbook to assert their interests.
Big tech companies don't skimp on resources
Thus, Apple broke its new record for political lobbying spending during the first quarter of this year by spending $2.5 million in Washington. The Apple brand is particularly trying to make its point of view heard regarding possible regulation of the App Store and application stores.
In detail, this is an increase of 34% year-on-year, and 13% compared to the previous quarter. And this is therefore the largest sum ever spent by the Cupertino company for influence purposes in three months.
The apple brand is not the only one to act in this way. We also learned in the same article fromBloombergthat Google has invested a lot by spending 2.96 million in three months (+34%). Same trend at Microsoft: 2.5 million dollars (+2.8%).
These figures contrastwith those of 2021where Apple had shown itself to be rather wise in the matter. The company spent only $6.5 million last year to promote its interests in Washington. This total, which may seem high to most of us, is actually lower than in 2020: $6.7 million.
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By : Keleops AG
