Cybersecurity
Facebook and Amazon Set Lobbying Records Amid Washington Scrutiny
- Social media site hiked lobbying spending 70% to $4.8 million
- Google outlay drops by almost 50% amid policy shop reshuffle
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Facebook Inc. and Amazon.com Inc. set federal lobbying records in the third quarter as Washington ramps up oversight of the tech giants’ business practices.
Facebook spent $4.8 million, an increase of almost 70% from the same period the year before. The world’s largest social media company is grappling with a mushrooming list of challenges, including federal and state antitrust investigations, criticism of its handling of users’ personal information, and dissatisfaction with its treatment of political content.