The logo of Amazon.com Inc. sits on an Apple Inc. iPhone smartphone in this arranged photograph in London, U.K., on Monday, Aug. 20, 2018. The NYSE FANG+ Index is an equal-dollar weighted index designed to represent a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks of technology and tech-enabled companies. Photographer: Jason Alden/Bloomberg
Amazon.com Inc set its second consecutive quarterly record on spending to influence US policy makers in the third quarter as it competed for a US$10bil (RM41.63bil) cloud-computing contract with the Pentagon.
Lobbying expenditures by other technology giants also increased as executives from Alphabet Inc’s Google, Facebook Inc and Twitter Inc came to Washington to address allegations of political bias on their platforms from President Donald Trump and fellow Republicans and braced for the threat of more antitrust scrutiny.
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