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Big tech tried to boost Washington clout in Trump's first year [CNN]

ALPHABET INC CL C (GOOG)  More Company Research Source: CNN
US:NASDAQ Investor Relations: abc.xyz/investor
PDF Big tech tried to boost Washington clout in Trump's first year The tech industry invested heavily to boost its clout in Washington during the first year of Donald Trump's presidency. Google ( GOOGL ) , Apple ( AAPL ) , Amazon ( AMZN ) and Facebook ( FB ) all spent what are for them record sums on lobbying activities in 2017, according to federal disclosures filed this week. Google was the biggest spender of the group. It pumped $18 million into lobbying in 2017, up from $15.4 million a year earlier. Amazon, the next largest spender of the four, spent nearly $13 million for the year. While Apple and Facebook spent less than the other two, they saw more significant spikes. Facebook's annual lobbying budget grew by about a third in 2017 from the year before; Apple's spending shot up by more than 50%. The increased lobbying activity is a byproduct of both the tech industry's growing power as well the tenser relationship with Washington it has had under Trump than it had durin [Read more]

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