Connect with us

Hi, what are you looking for?

Tech News

Meta had its biggest lobbying quarter ever

Image of Meta’s wordmark on a red background.
Illustration: Nick Barclay / The Verge

Meta had its biggest lobbying quarter ever in the first few months of 2024, spending a record $7.6 million engaging with the US government, according to its public lobbying filing released last week.

It’s a 64 percent jump from its spending in the fourth quarter of 2023 and represents more than a third of what Meta spent on lobbying the entirety of last year. The blockbuster quarter underscores just how much pending legislation is aimed at Meta and its peers — on everything from data privacy, kids online safety, and content moderation.

Still, Meta says the sharp uptick is largely due to compensation for its lobbying team. “The increase in Meta’s lobbying expenditures is due principally to operating expenses, including changes to the…

Continue reading…

You May Also Like

Editor's Pick

In this edition of StockCharts TV‘s The Final Bar, Dave and guest Julius de Kempenaer of RRG Research talk sector rotation, growth vs. value, offense vs....

Tech News

Photo by Jakub Porzycki/NurPhoto via Getty Images Intel’s chip-making division accumulated $7 billion in operating losses in 2023, Reuters reported on Tuesday. That’s a...

Tech News

Screenshot: Wes Davis / The Verge There’s a little-known hack in rural America: you can get the best fried food at the gas station...

Tech News

Photo by Amelia Holowaty Krales / The Verge Linux, the most widely used open source operating system in the world, narrowly escaped a massive...