Facebook Spends $1.35 Million On Lobbying Across All Four Quarters Last Year, Increases Lobbying Budget Ahead Of IPO

Posted on Apr 23 2012 - 6:38am by Editorial Staff

The social giant 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.

Facebook’s Q1 2012 report lists the following specific lobbying issues:

  • Federal policy on online security measures for private industry, data storage, and online safety to ensure the safety of Internet users; modernization of Electronic Communications Privacy Act, and Electronic Communications Privacy Act Amendments Act of 2011 (S. 1011); mobile Internet access issues; implementation of Children’s Online Privacy Protection Act; Commercial Privacy Bill of Rights Act of 2011 (S. 799); Personal Data Privacy and Security Act of 2011 (S. 1151); Do-Not-Track Online Act of 2011 (S. 913); Location Privacy Protection Act of 2011 (S. 1223); Do-Not-Track Kids Act of 2011 (H.R. 1895); Consumer Privacy Protection Act of 2011 (H.R. 1528); Video Privacy Protection Act (H.R. 2471).
  • Education regarding Internet media information security policy and Internet privacy issues; federal privacy legislation; freedom of expression on the Internet; discussion of location-based services; education regarding Facebook’s tagsuggest feature; overview of FTC agreement and Irish Data Protection Commission announcement. Online Protection and Enforcement of Digital Trade Act (S. 2029, H.R. 3782). Online Protection and Enforcement of Digital Trade Act (S. 2029, H.R. 3782).
  • Discussions regarding power and water needs to support high-tech growth and investment in Oregon; education regarding use of social networks to reduce energy consumption.
  • Education regarding online advertising.
  • Discussions regarding cyber security; Data Security and Breach Notification Act of 2011 (S. 1207); Personal Data Privacy and Security Act of 2011 (S. 1151); Data Breach Notification Act of 2011 (S. 1408); SAFE Data Act (H.R. 2577); Data Accountability and Trust Act (DATA) of 2011 (H.R. 1841); Data Accountability and Trust Act (H.R. 1707); Cyber Intelligence Sharing and Protection Act of 2011 (H.R. 3523); SECURE IT (S. 2151); Cyber Security Act of 2012 (S. 2105); SECURE IT Act of 2012 (H.R. 4263).

(Image Source: Facebook, Featured Image)

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Editorial Staff

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