Analysis
Five numbers that show how the FEC is still MIA
Today marks the start of the fifth month since the Federal Election Commission (FEC) lost its ability to do its job due to the resignation of one commissioner. Three seats…
Analysis
ByteDance, Meta, and other companies expanded their influence on Capitol Hill during the first half of 2024
It has been nearly one year since the Kids Online Safety Act (KOSA) was voted unanimously out of committee by the Senate Commerce Committee. In the year since, the bill has made progress in the House and has garnered strong bipartisan support, with close to 70 Senate cosponsors, and is expected to receive a vote on the Senate floor as early as this week.
Yet, a new analysis by Issue One of recently filed federal lobbying reports by Meta, ByteDance, and other big tech companies underscores how social media companies show no signs of slowing down their influence operations and several have invested record breaking amounts of money into their lobbying efforts on Capitol Hill during the first half of 2024.
Social media giants ByteDance and Meta together have spent an average of nearly $220,000 per day that Congress was in session thus far in 2024 on their lobbying efforts and have employed one lobbyist for every five members of Congress.
ByteDance, the parent company of TikTok, spent a record $6 million on lobbying during the first half of 2024 — a 65% increase from what it spent on lobbying during the first half of 2023 and the most the company has spent in any first half of the year since it first hired federal lobbyists in 2019. This includes $3.3 million spent in the second quarter of 2024 alone, an increase of 25% from the first quarter of the year. This year, ByteDance has hired 49 lobbyists — one for every 11 members of Congress.
Similarly, Meta, the parent company of Facebook and Instagram, spent a record $13.6 million on lobbying during the first half of 2024 — a 43% increase from what it spent on lobbying during the first half of 2023 and the most the company has spent in the first half of the year since it first started federal lobbying in 2009. Meta’s spending on lobbying of nearly $6 million in the second quarter of 2024 is moderately less than what it spent in the first quarter of the year, a decrease of 23%. This year, Meta has employed 65 lobbyists — one for every eight members of Congress.
“Unaccountable social media companies are continuing to spend millions and deploy a slew of lobbyists to disrupt growing bipartisan support for responsible safeguards that prioritize the safety of our children and the health of our democracy over the bottom line of a few corporations. Despite apologizing to parents whose children have been harmed by his platform earlier this year, Mark Zuckerberg’s company still has one lobbyist for every eight members of Congress,” said Alix Fraser, director of Issue One’s Council for Responsible Social Media. “An overwhelming majority of Americans are demanding that Congress pass reasonable measures, like the Kids Online Safety Act, that will help create a healthier online environment. It’s time for our elected leaders to listen to the voices of the people and stand up to Big Tech.”
As the biggest social media companies have deepened their influence on Capitol Hill, other companies have followed suit. These companies include major trade associations that have been working at the state and federal levels to stymie legislation that would protect kids online and strengthen data privacy. This includes working against kids’ safety and data privacy bills at the state level, such as in Vermont, where the bill was ultimately vetoed despite passing the general assembly. And at the federal level, bills, including KOSA, stalled for nearly a year. Together, Big Tech has continued to invest significant resources into expanding their lobbying efforts.
Among major social media companies, only X, the company formerly known as Twitter, and Alphabet, the parent company of Google, invested less on lobbying expenditures during the first half of 2024 than during the same period in 2023.
During the first half of 2024, Alphabet spent $7.2 million on lobbying, just 3% less than the first half of 2023. More drastically, X spent $370,000 on lobbying, a decrease of 30% from what it spent in the first half of the previous year. Despite the company’s owner, billionaire Elon Musk, recently pledging a personal donation of $45 million a month to a super PAC backing former president Donald Trump’s reelection campaign, the tech company itself has decreased its presence on Capitol Hill. This decline in lobbying expenditures reflects the fiscal decline the company has experienced since 2022 when Musk took over the company.
Issues: Kids’ Online Safety, Technology Reform, Transparency
Analysis
Today marks the start of the fifth month since the Federal Election Commission (FEC) lost its ability to do its job due to the resignation of one commissioner. Three seats…
Analysis
Today marks the start of the fourth month since the Federal Election Commission (FEC) lost its ability to do its job due to the resignation of one commissioner. Three seats…
Analysis
Today marks the start of the third month since the Federal Election Commission (FEC) lost its ability to do its job due to the resignation of one commissioner. Three seats…