Apple is lobbying with the big boys

Of the big three tech firms, Google spent the most last quarter, with Apple and Microsoft close behind.

From Jarrell Dillard and Bill Allison's "Apple Spends Record on Lobbying Amid Pressure from Congress" posted Wednesday on the Bloomberg:

Apple Inc. spent a record quarterly high of $2.5 million on lobbying in the first three months of 2022 amid increased pressure from the U.S. Congress on technology companies over antitrust issues.

Apple’s lobbying expenditures increased more than 34% from the $1.86 million the company spent in the fourth quarter of 2021, according to disclosure reports released Wednesday. The previous high was $2.2 million, spent in the second quarter of 2017...

Alphabet Inc.’s Google spent $2.96 million in the first three months of 2022. That’s a 34% increase from the previous quarter, but it’s the same amount the company spent during the first quarter of 2021.

Microsoft Corp. reported spending $2.5 million on lobbying in the first quarter. That was an increase of 2.8% over the previous quarter but down 1.9% from a year ago.

In January, the Senate Judiciary committee approved a bill aimed at Apple, Google, Meta Platforms Inc. and Amazon.com Inc. that would prevent large online platforms from giving an advantage to their own products and unfairly limiting the ability of another business to compete against the platform’s operator.

My take: We might wish Apple's products and values would speak for themselves, but that's not the way it works in Washington, DC.

10 Comments

  1. Daniel Epstein said:
    Still sounds like a pittance. $2.5 million dollars a quarter to Lobby the US government?

    1
    April 21, 2022
    • Bart Yee said:
      In so many instances throughout our history, it’s the best government money can buy.

      1
      April 22, 2022
  2. Steven Philips said:
    Joseph: they’re attracted to “sugar”.

    2
    April 21, 2022
  3. Fred Stein said:
    Per Statista, total lobbying expense last year was $3.73B up from $3.23 last year.

    $2.5M annualized comes to $10M, about .26% by the largest market cap company.

    1
    April 21, 2022

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