Apple, Amazon, Meta and Google have outpaced the pharmaceutical giants in spending to influence the laws
Apple, Amazon, Meta and Google have spent a total of $ 35.3 million since the beginning of the year on lobbying, surpassing the Big Pharma industry for the first time. These expenses are aimed at influencing and putting pressure on the authorities to avoid laws that could decrease the turnover of tech corporations, and given the risk that Big Techs run when it comes to antitrust and data management, their primacy in this sector is not surprising. Apple and Google, for example, are doing everything possible to prevent the antitrust from obliging them to open their respective app stores to the competition, given that at the moment they are the only ones to decide what and how it is sold, as well as withholding large percentages on the earnings of the developers (in most cases as much as 30 percent of total proceeds). A change in these rules would not just change the earnings of Google and Apple: the new antitrust laws at the moment have yet to get to the vote in the US Senate, where they have been put on hold by majority leader Chuck Schumer, who has received strong criticism for this.
#Lobbying #Big #Tech #spent #million #stem #antitrust