Facebook And Google Reportedly Spend $650K And $5.03 Million In Q1 2012

Posted on Apr 24 2012 - 8:16am by Editorial Staff

The tech giants seems to be putting up extra money this year over their lobbying budgets than whether it will be the bill like SOPA in the past or now the CISPA, resulting in leading several companies greatly expanding the amount of money they are spending to make their views known.

The social giant Facebook had spend $650,000 on lobbying in Q1 2012 which is up 182.61 percent from the $230,000 Facebook spend in Q1 2011 and up 32.31 percent from the $440,000 it spent in Q4 2012. The company last year spend a record $1.35 million across all four quarters.

Google had spent $5.03 million on federal lobbying in the first quarter of 2012, according to a regulatory document filed Friday. The $5 million is a new record for Google so far, up from $3.76 million spent on lobbying in the fourth quarter of 2011.

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Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.