Facebook spent $20.1M on lobbying

Facebook splashed $20.1M in lobbying in 2021, making it the highest spender in the tech sector. That’s according to a data presentation by tradingplatforms.com. Facebook’s expenditure also grew by 2% from its 2020 figures of $19.7M.

Likewise, the firm broke its record for the highest quarterly spend. Its Q4 2021 lobbying budget surpassed the $5.4M mark eclipsing its Q1 2020 high of $5.3M.

Other big spenders

Amazon took the second spot with an expenditure of $19.3M. This figure represented an 8% jump from its 2020 bill. The firm’s LD-2 listing reveals that it canvassed telehealth, EV charging, counterfeits, high-skilled immigration, and postal charges.

The Entertainment Software Association (ESA) recorded the largest leap in expenditures. It spent $6.7M in 2021, a 37% leap from its 2020 outlay. Meanwhile, Oracle and Qualcomm forked out $9.1M each in their pursuits. Their budgets swelled by 12% and 15 respectively from their 2020 levels.

The remaining GAFAM members spent a collective $26.2M Microsoft’s costs rose by 8% to close at $10.2M. On the other hand, Google spent $9.5M, a 7% jump from the previous year’s spending.

Finally, Apple incurred the least by spending $6.5M, a drop of 3% from the previous year’s spending.

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The Trader-Magazine.com EditorialTeam is a collective of certified financial analysts, active traders, and cryptocurrency experts. Our mission is to transform complex market data (forex, equities, indices) into accessible financial education. All content undergoes rigorous, multi-level fact-checking to ensure we deliver only accurate, objective information for your trading and investment decisions.

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