Meta had its largest lobbying quarter ever within the first few months of 2024, spending a document $7.6 million participating with the US authorities, based on its public lobbying submitting launched final week.
It’s a 64 % leap from its spending within the fourth quarter of 2023 and represents greater than a 3rd of what Meta spent on lobbying the whole lot of final yr. The blockbuster quarter underscores simply how a lot pending laws is geared toward Meta and its friends — on all the things from information privateness, children on-line security, and content material moderation.
Nonetheless, Meta says the sharp uptick is basically as a result of compensation for its lobbying workforce. “The rise in Meta’s lobbying expenditures is due principally to working bills, together with modifications to the…
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