Which US Big Tech Was Highest Lobbying Spender Against Antitrust In Q2 - Answer Is Not Shocking - Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL), Apple (NASDAQ:AAPL)

Amazon.com Inc AMZN spent a record $4.98 million, up 2.5% year-on-year, on lobbying during the second quarter of 2022, fueled by a possible enactment of a ruling to crack down on tech giants, Bloomberg reports.
The legislation sought to prohibit the leading tech companies from abusing their dominant platforms against competitors.
Another bill looked to ease Apple Inc AAPL and Alphabet Inc GOOG GOOGL Google’s grip over the app ecosystem, forcing them to open up their platforms to third-party app stores and apps.
Also Read: Which Big Tech Player Was The Biggest Lobbying Spender In Europe?
The major tech companies and their trade groups shelled out $17.3 million on lobbying in Washington during Q2 to fend off the legislation, outspending top pharmaceutical companies and their major trade group.
Apple doled out $1.9 million in Q2, down from a $2.5 million outlay during Q1.
Google spent $2.77 million, up 32% Y/Y and down by 6.4% Q/Q.
Microsoft Corp MSFT spent $2.41 million in Q2, down 2.4% Y/Y.
Previously reports cited US lawmakers charting out five antitrust bill drafts, four of which are aimed at regulating Big Tech.
China’s intense antitrust crackdown on the domestic tech sector saw e-commerce giant Alibaba Group Holding Limited BABA doling out the highest penalty.
Photo by Gerd Altmann from Pixabay

Which US Big Tech Was Highest Lobbying Spender Against Antitrust In Q2 - Answer Is Not Shocking