The paper, published by Corporate Europe Observatory and LobbyControl campaign groups on Tuesday, revealed that the annual spending on lobbying on EU digital economy policies has reached a whopping €100 million ($114.4 million).
More than 600 companies have been involved in such activities, with at least 20% of them being US-based, the authors said after analyzing data submitted by the market players to the EU Transparency Register before mid-June 2021.
The biggest spender among them was Google, which invested €5.75 million into various lobbying activities. Facebook and Microsoft weren’t far behind, at €5.5 million euros and €5.25 million respectively. The Top Six were rounded out by Apple at €3.5 million, Huawei at €3 million and Amazon at €2.75 million, according to the paper.
💰New research exposes Google, Facebook, Amazon and Apple’s pushback on new EU regulations.
— CEO (@corporateeurope) August 31, 2021