Thursday, December 11, 2025
24.5 C
Lagos

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

Hot this week

Heirs Insurance Travel Festival Draws Thousands, Signals a New Era for Inclusive Travel Ecosystem for Africans

L-R: Ifesinachi Okpagu, Chief Marketing Officer, Heirs Insurance Group;...

Kayode Kolade, 51, Wins Inaugural Heirs Insurance Retirement Dream Competition

L–R: Patrick Okorie, Regional Head, South, Heirs General Insurance;...

CBN Grants Licence to 82 BDCs under Revised Guidelines

The Central Bank of Nigeria (CBN) in exercise of...

NGX Chair: Media Coverage of Capital Market Key to Sustainable Growth

OPENING REMARKS BY THE CHAIRMAN, NIGERIAN EXCHANGE GROUP (NGX)...

Stanbic IBTC Bank Champions Economic Growth Through Strategic Partnership with AfDB

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

Topics

AfDB Plans $2m Jobs for Youth in Africa Strategy

The African Development Bank’s Fund for African Private Sector...

Vodafone Plans Indian Stock Market Listing

Vodafone is reportedly planning a stock market listing for...

NCDMB to Champion “Nigeria First” Policy in Oil and Gas Sector

The Nigerian Content Development and Monitoring Board (NCDMB) has...

‘Africa Must Invest in Agriculture Research’

Speech Delivered by President Akinwumi Adesina of the African...

Interswitch: Leveraging Novel Solutions Will Drive Growth

As the adoption of digital payment continue to rise...

Business, Risk Leaders to Meet in Lagos Oct 2O

Leading risk management and insurance players, including key regional...

Good Corporate Governance Practices Make Businesses Sustainable – Sulaiman

  Adedotun Sulaiman Chairman Absa Nigeria The Chairman, Absa Nigeria, Adedotun Sulaiman, speaks...

Fish and Soyabean: Great Combination for Improved Human Health

By Adewolu Morenike A. • Introduction One of the serious problems facing...
spot_img

Related Articles

Popular Categories

spot_imgspot_img