A new report reveals Facebook as the largest corporate lobbying spender in the U.S. in 2020.
The Public Citizen report reveals the social media platform spent $19,680,000 to lobby in 2020, placing it nearly $1,000,000 above Amazon, the second-highest spender.
“Big Tech has eclipsed yesterday’s big lobbying spenders, Big Oil and Big Tobacco. In 2020, Amazon and Facebook spent nearly twice as much as Exxon and Philip Morris on lobbying,” the report adds.
During the 2020 election cycle, Big Tech also spent a record-breaking $124 million in lobbying and contributions to candidates. Much of this growth is linked to Amazon and Facebook, which increased lobbying and campaign spending from 2018 to 2020 by 30 percent and 56 percent, respectively.