Facebook spent $19.68 million on lobbying in 2020, more than any other Big Tech company, according to CNBC. The social media giant increased its lobbying spending by 17.8% from 2019, despite the combined Big Five Tech spend falling by 1.8% to $61.09 million in 2020.
- Facebook raised lobbying spending when the Federal Trade Commission and 48 attorneys general from states and territories filed an antitrust complaint against it.
- In the fourth quarter, Facebook lobbied on copyright reform, election integrity, content policy, immigration, and international tax policies.
- Amazon came second to Facebook in lobbying spending in 2020 at $17.86 million, up 10.7% from 2019
- Amazon lobbied on broadband, intellectual property, postal reform, healthcare, and Justice in Policing Act in the fourth quarter.
- Google spent $7.53 million, 36.2% less on lobbying in 2020 and focused on online advertising regulation, student digital privacy, pandemic contact tracing, and competition law.
Most Big Tech stocks are currently gaining. FB is up 1.20%, AMZN is down 0.21%, AAPL is up 0.88%, GOOGL is up 0.88%, MSFT is up 1.45%
