Facebook Inc and Amazon.com Inc set federal lobbying records in the third quarter as Washington ramps up oversight of the tech giants’ business practices.
Facebook spent US$4.8mil (RM20.08mil), an increase of almost 70% from the same period the year before. The world’s largest social-media company is grappling with a mushrooming list of challenges, including federal and state antitrust investigations and criticism over its handling of users’ personal information and its treatment of political content.
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