Google ups lobbying while Apple downplays it – AAPL, GOOG & FB

Boston, MA 02/20/2013 (wallstreetpr) – The presidential race is over and the winner is back in the seat and lobbying by corporates may or may not make a difference to the results but big bucks go into it and no one wants to be left behind. Silicon Valley has always been a heavy-duty contributor but something changed with Apple.

Google Inc (NASDAQ:GOOG) outdid Apple Inc (NASDAQ:AAPL) in its lobbying efforts. Over the last nine months the former ended up increasing its political spending by close to 90% while the latter reduced it by 13%. Where Google spends $1, apple will end up spending only a minuscule 10c. Networking giant Facebook Inc (NASDAQ:FB) had the biggest percentage rise as it upped its political spending from $1.35 million to a little under $4 million.

The $2 million that Apple spent was spaced thinly across issues such as:

  • Telecommunications which included child protection issues and the open internet.
  • Taxation which included the recovery of profits that had been earned overseas
  • Education with the inclusion of e textbooks in schools
  • Trade that included border issue and free trade
  • Investments as well as SEC, which included the Dodd-Frank Act implementation
  • Consumer Issues which included the latest Do Not Track Me Online Act as well as privacy protection
  • Environment issues that covered EPEAT standards, Energy Star and electronic waste
  • Transportation that included the use of technology in airplanes and cars
  • Appropriations which covered government procurement rules
  • The computer industry and cyber crime
  • Medical issues that included mobile medical device regulation
  • Media like electronic publishing

Shares of Apple Inc (NASDAQ:AAPL) were down by 0.04% to close at $459.99

Shares of Google Inc (NASDAQ:GOOG) were up by 1.76% to close at $806.85

Shares of Facebook Inc (NASDAQ:FB) were up by 2.15% to close at $28.93.

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Published by Viraj Shah

Viraj Shah has done M.Com (Finance) and currently pursuing CFP. He is a technical analyst who tracks US markets along with other global markets like India very closely. He is very passionate about stocks and believes that money can always be made in market.

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