Google Slashes Political Lobbying to $3.8m

Google slashed spending on lobbying by 25.5 percent in the first quarter of 2016 to $3.80 million, while AT&T reported the highest lobbying outlay at $4.48 million among a group of 16 tech and communications companies monitored by Consumer Watchdog.

Google spent $5.10 million in the comparable 2015 period and AT&T’s spending was up 2.5 percent from $4.37 million in 2015, according to disclosure reports just filed with the Clerk of the House of Representatives.

Facebook, which has been increasing its Washington presence, spent $2.78 million, an increase of 13.9 percent from $2.44 million, in the comparable 2015 quarter.

Microsoft also topped $2 million in lobbying spending. It reported expenditures of $2.02 million, an increase of 6.9 percent from $1.89 million in 2015.

Lobbying spending increased 39 percent at Amazon, to $ 2.65 million from $1.91 million in the first quarter of 2015, the disclosure records show. It was the fourth straight quarter that its spending topped $2 million.

Seven of the companies spent more than $2 million on lobbying, Consumer Watchdog noted. Twelve spent more than $1 million on lobbying in the first quarter.

“It’s important to understand just how much money these companies are throwing around in Washington to buy the policies they want,” said John M. Simpson, Consumer Watchdog’s Privacy Project Director. “Policymaking is now all about big bucks, not big ideas.”

Consumer Watchdog, a nonpartisan nonprofit public interest group, monitors the lobbying disclosure reports of 16 tech and communications companies.

Half of the 16 companies increased their first quarter 2016 spending on lobbying and half decreased spending from 2015 first-quarter levels.

Here are lobbying expenditures for the first quarter of 2016 for six other tech companies:

Apple spent $1.13 million, an 8.9 percent decrease from $1.24 million.
Cisco spent $420,000, a 30 percent decrease from $600,000.
IBM spent $830,000 a 17 percent decrease from $1 million.
Intel spent $1.23 million, an increase of 5.1 percent from $1.17 million.
Oracle spent $1.72 million, an increase of 33.3 percent from $1.29 million.
Yahoo! spent $690,000, a 5.5 percent decrease from $730,000.

Here are lobbying expenses for three other communications companies in the first quarter 2016:

Sprint spent $523,041 a decrease of 28.8 percent from $734,927.
T-Mobile spent $1.80 million, an increase of 52.5 percent from $1.18 million.
Verizon spent $3.59 million, an increase of 7.2 percent $3.35 million.

Here are 2016 first quarter lobbying expenditures for two cable companies:

Comcast spent $3.72 million, a 19.5 percent decrease from $4.62 million.
Time Warner Cable spent $1.5 million, an 11.8 percent decrease from $1.7 million.

spot_img
spot_img
spot_img
spot_img

Hot this week

Stanbic IBTC Capital Wins Best Investment Bank in Nigeria at 2026 Global Banking and Finance Review Awards

Stanbic IBTC Capital, a subsidiary of Stanbic IBTC Holdings,...

Stanbic IBTC Bank’s Economic Forum Charts Nigeria’s Path through a Shifting Global Economy

L-R: Wole Adeniyi, Chief Executive, Stanbic IBTC Bank; Dr....

CBN: N100 Banknote Remains Legal Tender in Nigeria

The attention of the Central Bank of Nigeria (CBN)...

PufferPay CEO, Emmanuel Ovaga, to Keynote Business Journal Fintech & Financial Inclusion Roundtable 2026

Mr. Emmanuel Ovaga, the Chief Executive Officer (CEO) of...

Topics

Employers Leverage New Technology in Hiring Process

In the next three years, top HR executives and...

Africa, ME Tablet Market Declines 10% in 3rd Qtr

The Middle East and Africa (MEA) tablet market continues...

FSI @ 4: Our Impact is Being Felt in 5 Continents -Aituaz

Africa’s leading innovative fintech brand, Financial Services Innovators (FSI),...

NAICOM Begins Process to Register HEIRS, Enterprise, Stanbic as Insurers

The National Insurance Commission (NAICOM) says it has received...

IMF: ‘Nigeria Growth Forecast is 2% in 2020, Outlook Challenging’

  The International Monetary Fund (IMF) says its growth forecast...

NSE, Bloomberg Set for 2nd CEO Roundtable Aug 31

The Nigerian Stock Exchange (NSE) in collaboration with Bloomberg...

Sovereign Trust Insurance Earn TEXEM’s Recognition Award

L-R: Segun Bankole, DGM/Head, Corporate Communications & Investor Relations,...

Stanbic IBTC Bank: Nigeria PMI Dips to 4-Month Low at Start of 2022

The opening month of 2022 revealed a solid expansion...
spot_img

Related Articles

Popular Categories

spot_imgspot_img