BusinessMirror

Amazon breaks lobbying record amid antitrust fight

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AMAZON.COM Inc. spent a record $4.98 million on lobbying during the second quarter of this year as momentum intensifie­d in Congress to pass legislatio­n intended to crack down on technology giants.

Amazon’s lobbying expenditur­es increased 2.5 percent over the second quarter of 2021, according to disclosure reports filed on Wednesday. spending by the e-commerce behemoth was up only slightly from the first three months, when it shelled out a previous record of $4.97 million on lobbying.

The major tech companies and their trade groups spent $17.3 million on lobbying in Washington during the second quarter of this year, seeking to fend off legislatio­n that could force them to fundamenta­lly change their business practices.

The industry in the last quarter outspent one of Washington’s biggest donors: top pharmaceut­ical companies and their major trade group, which spent nearly $16 million, according to a Bloomberg tally of the top five us firms and their leading trade group.

overall, the four biggest technology companies and their third-party groups spent $35.3 million during the first half of 2022, a 15-percent increase over $30.5 million in the first half of last year.

The legislatio­n, championed by senator Amy Klobuchar of Minnesota and Representa­tive David Cicilline of Rhode Island, would prohibit the largest tech companies from using their dominant platforms to disadvanta­ge competitor­s. Another bill would ease Apple Inc. and Google’s grip over the app ecosystem, forcing iphone and Android makers to open up their platforms to third-party app stores and apps. The giants—amazon.com Inc., Apple Inc., Meta Inc. and Alphabet Inc.’s Google—have spent tens of millions of dollars on lobbying to crush the legislativ­e effort.

The spotlight is now on senate Majority Leader Chuck schumer, who hasn’t scheduled a floor vote for the bills despite pledging to do so earlier his summer. Antitrust advocates have escalated a pressure campaign against schumer, participat­ing in stunts like playing ads in front of schumer’s homes in New York and Washington. It’s unclear whether Congress will pass the legislatio­n before the August recess. still, the threat has caused a flurry of opposition as the companies spend tens of millions on advertisin­g campaigns, funnel money into front groups and deploy their top executives to appeal to lawmakers directly.

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