Facebook Spent $130,000 on Lobbying in Fourth Quarter, Up Threefold From Year Earlier
Facebook spent $130,000 on lobbying legislators and federal agencies in the fourth quarter of last year, according to disclosures. That’s three times as much as it did during the same time a year earlier, when it spent $38,117.
The company’s new priorities this quarter included speaking at a hearing on potential “do not track” legislation, which would allow consumers to opt-out of tracking and behaviorally-targeted advertising. Because Facebook’s ads are all targeted based on what users explicitly share or “like,” any “do not track” legislation would probably not have a large impact on the company’s ad revenues.
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