Although official lobbying activities are commonplace in the United States, Meta’s spending in this area compared to the previous quarter increased by 64 percent striking. In addition $7.6 million The spending represents approximately one-third of the company’s spending in all of 2023. According to Meta, this radical rise is largely due to the compensation paid to the lobby team.
Meta spokesman Daniel Roberts said in a statement: “The increase in Meta’s lobbying expenses is driven primarily by operating expenses, including changes in the timing of its two-year compensation structure and a higher stock price” he said. On the other hand, in lobbying expenses, Meta spent significantly more than other companies of similar size. So much so that it spent close to 2 or 3 million dollars in the first quarter of the year. Apple has doubled down on Google and Microsoft. The person who spends closest to Meta Amazon to lobbying activities $4.4 million separated.
Interestingly, in this quarter of the year, the USA is Meta’s biggest rival TikTokIt is considering banning or selling nationwide. Official lobbying files do not indicate that Meta was active on this issue. According to official data, Meta is on social media. lobbied for bills on child safety issues. Other topics include international data flows, encryption, submarine lines, taxes and political advertising.
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