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May 3, 2013 09:27 pm GMT

Facebook's Q1 Lobbying Spend Soars 277 Percent To $2.45M; Google Down 33 Percent

U.S. CapitoIt's no secret that the amount of time that tech companies are spending in Washington, D.C., is at a high. And money spent on lobbying has also been reaching peaks for a number of well-known technology giants, including Facebook. In the first quarter of 2013, Facebook spent $2.45 million on lobbying efforts, a 277 percent increase from $650,000 a year earlier. In the fourth quarter of 2012, Facebook spent $1.4 million on lobbying, so this is a big jump both on a quarterly and yearly basis.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/fQZPS-OMxRE/

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