Facebook Inc. and Amazon.com Inc. set records for lobbying in the second quarter as Washington ramped up scrutiny of big technology companies, while Google’s spending dipped as it continued to reshuffle its influence operations.
The world’s largest social media site spent more than $4.1 million on lobbying, the most among big internet platforms, an increase from its previous high in the same period a year earlier.
Facebook Head of Blockchain David Marcus is questioned during a House Financial Services Committee hearing on July 17.
Photographer: Andrew Harrer/Bloomberg
Facebook disclosed lobbying around blockchain, the technology that underlies cryptocurrencies. The company has been trying to win support for its Libra cryptocurrency, which drew skepticism from President Donald Trump, congressional Democrats and Federal ...