(Credit: Facebook)
Facebook has once again significantly increased its budget for wooing politicians. The social network giant spent $960,000 on lobbying in Q2 2012, the transition quarter during which the company went public. This is up exactly 200 percent from the $320,000 the company spent in Q1 2011, and up 47.69 percent from the $650,000 it spent in Q4 2012.
As you can see in the chart below, Facebook has been lobbying since 2009, but only cranked up the gears last year. In fact, 2011 was the first year Facebook spent over $1 million for lobbying. To put the latest numbers into perspective, Facebook spent almost $1 million this past quarter alone, and in the first half of 2012 ($1.61 million) it has already blown past its total 2011 expenses ($1.35 million):
ID | Quarter | Expenditure | Report Date |
300376569 | Q2 2009 | $48,137 | 04/20/2011 (amended) |
300215009 | Q3 2009 | $121,624 | 10/20/2009 |
300240502 | Q4 2009 | $38,117 | 01/20/2010 |
300258489 | Q1 2010 | $... [Read more] |
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