Facebook, Google, Microsoft Top E.U. Lobbying Spend

Facebook_ Google_ Microsoft Top E.U. Lobbying Spend-01

Google, Facebook, and Microsoft Corp. are the top lobbying spenders in Europe in a clash against tough new regulations –aimed at curbing US technology giants’ powers.

Such efforts seems to be a wake-up call to the EU policymakers in order to beef up the draft laws and lobbying rules – claims a study by Corporate Europe Observatory in association with LobbyControl warned.

As per the study, “It is remarkable and should be a cause of concern that the platforms can use this firepower to ensure their voices are heard – over countervailing and critical voices – in the debate over how to construct new rules for digital platforms.”

Source: Reuters

Check Out The New Enterprisetalk Podcast. For more such updates follow us on Google News Enterprisetalk News.

Previous articleCanadian Spectrum Auction Bags Almost $7.2 Billion 
Next articleUS Banks Adopting AI to Track Operations amid Market Backlash