The tech sector outspends even the pharma, fossil fuels, finance and chemicals sectors, which used to dominate lobbying
A 3D-printed Facebook logo is seen in front of a displayed stock graph in this illustration. File Picture: REUTERS/DADO RUVIC
Such efforts should be a wake-up call to EU policymakers to beef up the draft laws and lobbying rules, the study by campaign groups Corporate Europe Observatory and LobbyControl warned.“The rising lobby firepower of big tech and the digital industry as a whole mirrors the sectors' huge and growing role in society,” the study said.
The study found that 612 companies, groups and associations spend more than €97m annually lobbying on EU digital economy policies. The data was submitted by companies to the EU Transparency Register up to mid-June this year. Microsoft said: “The EU has been and remains an important stakeholder for Microsoft. We seek to be a constructive and transparent partner to European policymakers.”The tech lobbying focuses on two key pieces of legislation. The Digital Markets’ Act lists do’s and don’ts for tech giants, and the Digital Services Act requires companies to do more to police content on their platforms.
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