Big tech starts big lobbying
Since all the news whirl around about possible limitations imposed on big tech, the Silicon Valley-based companies start to defend themselves hard. They launch unprecedented lobbying in Brussels, with insanely large money that locals ‘have never seen spent this way’. The fighters are the names, which are known to billions: Facebook, Google, Amazon, Microsoft, and Apple.
Initiated efforts mean the following: prevent by all means stronger regulations against them, starting with Europe, ending with the Americas. The big-scale plan includes stifling all possible regulatory efforts that will prevent doing business for big tech companies, as those companies see lawmakers in both parts of the world become increasingly more aggressive.
What is exactly done today with the money is as following: creating dozens of non-profit organizations to broaden the position of big tech companies, hiring ex-officials, strong-connection law and advocacy firms for the support, endowing academic positions in universities across continents, forging new trade associations and lobbyists to protect companies’ positions, and paying for various researches. These actions only officially take tens of millions of dollars every year.
Although all the named companies were fined billions of dollars in the entire world during the last decade, the toughest fights have not been passed yet, they’re only approaching.