{"id":93762,"date":"2024-04-29T17:28:59","date_gmt":"2024-04-29T17:28:59","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2024\/04\/29\/meta-had-its-biggest-lobbying-quarter-ever\/"},"modified":"2024-04-29T17:28:59","modified_gmt":"2024-04-29T17:28:59","slug":"meta-had-its-biggest-lobbying-quarter-ever","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2024\/04\/29\/meta-had-its-biggest-lobbying-quarter-ever\/","title":{"rendered":"Meta had its biggest lobbying quarter ever"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">Meta had its biggest lobbying quarter ever in the first few months of 2024, spending a record $7.6 million engaging with the US government, according to its <a href=\"https:\/\/lda.senate.gov\/filings\/public\/filing\/44c8cc07-99cb-4a91-83c3-31f973d95281\/print\/\" target=\"_blank\" rel=\"noopener\">public lobbying filing<\/a> released last week.<\/p>\n<\/div>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">It\u2019s a 64 percent jump from its spending in the fourth quarter of 2023 and represents more than a third of what Meta spent on lobbying the entirety of last year. The blockbuster quarter underscores just how much pending legislation is aimed at Meta and its peers \u2014 on everything from <a href=\"https:\/\/www.theverge.com\/2024\/4\/8\/24124143\/lawmakers-unveil-bipartisan-comprehensive-digital-american-privacy-rights-act-bill\" target=\"_blank\" rel=\"noopener\">data privacy<\/a>, <a href=\"https:\/\/www.theverge.com\/2024\/2\/15\/24073878\/kids-online-safety-act-new-senate-support\" target=\"_blank\" rel=\"noopener\">kids online safety<\/a>, and <a href=\"https:\/\/www.theverge.com\/2022\/2\/1\/22912387\/earn-it-act-section-230-amendment-reintroduced\" target=\"_blank\" rel=\"noopener\">content moderation<\/a>.<\/p>\n<\/div>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">Still, Meta says the sharp uptick is largely due to compensation for its lobbying team. \u201cThe increase in Meta\u2019s lobbying expenditures is due principally to operating expenses, including changes to the timing of the biannual compensation structure and an elevated stock price,\u201d Meta spokesperson Daniel Roberts said in a statement to <em>The Verge<\/em>.<\/p>\n<\/div>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">Meta\u2019s spending in the last quarter is an outlier among its big tech peers. It more than doubled the spend of Apple, Google, and Microsoft in the first quarter, which all spent closer to $2 or $3 million. Amazon spent the second most behind Meta at $4.4 million.<\/p>\n<\/div>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">The most significant piece of tech legislation to pass recently was a bill that could <a href=\"https:\/\/www.theverge.com\/24141539\/tiktok-ban-bytedance-china-dc-circuit-supreme-court\" target=\"_blank\" rel=\"noopener\">ban TikTok unless its China-based parent company, ByteDance, divests it<\/a> within a year \u2014 a law that Meta stands to directly benefit from if one of its closest competitors is forced to exit the US market. But <a href=\"https:\/\/lda.senate.gov\/filings\/public\/filing\/44c8cc07-99cb-4a91-83c3-31f973d95281\/print\/\" target=\"_blank\" rel=\"noopener\">Meta\u2019s lobbying disclosure<\/a> does not specifically list that bill as one it engaged on or the foreign aid package in which it passed. Meta\u2019s Roberts confirmed the company did not lobby on the so-called Protecting Americans from Foreign Adversary Controlled Applications Act.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.theverge.com\/2024\/4\/29\/24144333\/meta-record-lobbying-q1-2024-us-government-big-tech\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meta had its biggest lobbying quarter ever in the first few months of 2024, spending a record $7.6 million engaging with the US government, according to its public lobbying filing released last week. It\u2019s a 64 percent jump from its spending in the fourth quarter of 2023 and represents more than a third of what [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":93763,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":{"0":"post-93762","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tech"},"_links":{"self":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/93762","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=93762"}],"version-history":[{"count":0,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/93762\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/93763"}],"wp:attachment":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=93762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=93762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=93762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}