Why is Google spending record sums on lobbying Washington?
Figures released last week show that Google spent a record amount of almost $6m lobbying in Washington DC in the past three months, putting the Silicon Valley behemoth on track to be the top corporate lobbying spending in the US. Last year it ranked number two, behind Comcast. Given the increased antitrust scrutiny that is coming from the Democrats' new "Better Deal" policy platform, Donald Trump's random tweets attacking fellow tech giant Amazon for its connection to the Washington Post, and his adviser Steve Bannon's recent comments that Google and Facebook should be regulated as utilities, it is likely Google will only increase its lobbying expenditure in the next few months. The largest monopoly in America, Google controls five of the top six billion-user, universal web platforms – search, video, mobile, maps and browser – and leads in 13 of the top 14 commercial web functions, according to Scott Cleland at Precursor Consulting. As the controversial Trump-supporting PayPal billionaire Peter Thiel points out, companies like Google don't like to advertise this fact.
Jul-30-2017, 11:36:17 GMT
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