Facebook and Amazon Boosted Lobbying Spending in 2020
01/24/2021 | 10:14am EDT
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By Ryan Tracy, Chad Day and Anthony DeBarros WASHINGTON Big technology companies are bracing for a new administration and new scrutiny of their businesses with a time-tested strategy: opening their pocketbooks. Facebook Inc. and Amazon.com Inc. topped all other U.S. companies in federal lobbying expenditures last year, according to a Wall Street Journal analysis of the most recent disclosures. It was the second straight year they outspent all other companies, including stalwarts such as AT&T Inc. and Boeing Co. Facebook, facing federal and state antitrust lawsuits as well as a series of hearings summoning CEO Mark Zuckerberg to Washington, spent nearly $20 million in 2020, up nearly 18% from the previous year.