Tech companies spend €113M per year on lobbying EU policies

Tech companies spend over €113mn per year on lobbying the EU’s decision-making policies, a new study by the Corporate Europe Organisation (CEO) has found. Alarmingly, the tech industry’s lobbying power has also increased by 16.5% over the past couple of years — from €97mn in 2021 to €113mn in 2023. Overall, a total of 651 companies are attempting to influence the bloc’s digital economy. Among them, big tech is (rather expectedly) dominating the efforts, digging deeper into its pockets more than ever before. Specifically, Meta is at the top of the list, having increased its budget from €5.75mn in 2021…

This story continues at The Next Web https://thenextweb.com/news/tech-companies-spend-113m-lobbying-eu-policies