The tech giant now spends more money on lobbying than all but one of its peers
After building out a powerful influence machine in Washington over the last few years, Amazon is going on the attack.
The Seattle-based company is pushing aside trade groups it doesn’t like and creating ones it does. It’s dispatching senior executives to woo antitrust enforcers. And it’s poaching senior staff from government agencies and congressional offices.
Federal records show that Amazon.com Inc. lobbied more government entities than any other tech company in 2018 and sought to exert its influence over more issues than any of its tech peers except Alphabet Inc.’s Google. Last year, Amazon spent $14.2 million on lobbying, a record for the company, up from its previous high of $12.8 million in 2017. The $77 million that the nine tech companies included in the chart below spent in 2018 to lobby Washington looks minuscule next to the $280 million spent by pharmaceutical and health-care products companies. Tech has, however, pulled ahead of the $64 million that commercial banks spent—and Amazon in particular has a cachet that allows it to punch above its weight at times. Of the nine, only the $21 million Google spent on lobbying beat Amazon’s total. Since 2012, Amazon has ramped up spending by more than 460 percent—much faster than its rivals.
Amazon is also showing a new level of assertiveness in advancing its corporate interests, though largely out of the public eye. The company’s recent high- profile imbroglios, which include the abrupt abandonment of a deal for a new headquarters in New York City and founder and Chief Executive Officer JeffBezos’ blackmail allegations against the National Enquirer, belie the extent and sophistication of the company’s behind-the-scenes efforts.
Denne historien er fra March 11, 2019-utgaven av Bloomberg Businessweek.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra March 11, 2019-utgaven av Bloomberg Businessweek.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Instagram's Founders Say It's Time for a New Social App
The rise of AI and the fall of Twitter could create opportunities for upstarts
Running in Circles
A subscription running shoe program aims to fight footwear waste
What I Learned Working at a Hawaiien Mega-Resort
Nine wild secrets from the staff at Turtle Bay, who have to manage everyone from haughty honeymooners to go-go-dancing golfers.
How Noma Will Blossom In Kyoto
The best restaurant in the world just began its second pop-up in Japan. Here's what's cooking
The Last-Mover Problem
A startup called Sennder is trying to bring an extremely tech-resistant industry into the age of apps
Tick Tock, TikTok
The US thinks the Chinese-owned social media app is a major national security risk. TikTok is running out of ways to avoid a ban
Cleaner Clothing Dye, Made From Bacteria
A UK company produces colors with less water than conventional methods and no toxic chemicals
Pumping Heat in Hamburg
The German port city plans to store hot water underground and bring it up to heat homes in the winter
Sustainability: Calamari's Climate Edge
Squid's ability to flourish in warmer waters makes it fitting for a diet for the changing environment
New Money, New Problems
In Naples, an influx of wealthy is displacing out-of-towners lower-income workers