According to congressional filing seen by The Hill, Amazon and Meta spent record amounts on lobbying in Washington.
According to The Hill, Amazon and Meta spent the most money on lobbying in a single year. Insider couldn't review the filings.
Regulators are putting more pressure on Big Tech. The American Innovation and Choice Online Act, which would ban large tech companies from using their platforms to give their products an advantage over competitors, took a big step towards passing the Senate on Friday.
According to Open Secrets, Amazon and Meta spent over 20 million dollars on lobbying in 2020.
According to The Hill, Amazon and Meta outspent Apple and Google by a considerable margin in the year 2021.
CNBC reported that Senator Ted Cruz talked to Tim Cook about the bill on Wednesday. Cook doesn't believe in lobbyists.