Big Tech’s $95 Million Spending Spree Leaves Antitrust Bill on Brink of Defeat
- Google, Apple and others spent nearly $95 million on lobbying
- Congress’s window to act is tight ahead of November elections
Google’s Sundar Pichai, Apple’s Tim Cook, Amazon’s Andy Jassy and Meta’s Mark Zuckerberg.
Source: Bloomberg
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A high-profile push by Congress to rein in the nation’s biggest internet companies is at risk of failing with time running out to pass major legislation ahead of midterm elections.
Alphabet Inc.’s Google, Apple Inc., Amazon.com Inc. and Meta Platforms Inc. and their trade groups have poured almost $95 million into lobbying since 2021 as they seek to derail the American Innovation and Choice Online Act, which has advanced further than any US legislative effort to address the market power of some of the world’s richest companies.