Facebook was the main donor to a group that fought antitrust reforms in 2020 and 2021
Publishing timestamp: 2023-05-01 13:10:05
Summary
Facebook (now Meta) donated $34 million to American Edge Project, a tech advocacy group that campaigned against antitrust legislation. The donation was made almost two years ago and was confirmed by a person who works with the group. American Edge Project had a massive fundraising haul during a key time period when lawmakers were attempting to take on tech giants. The group launched a wave of TV and digital ads taking on antitrust proposals, and the bills proposed new rules on the largest online platforms. The bills did not get a full House or Senate vote after Big Tech companies and their industry groups opposed them. The article also highlights the potential influence of Facebook on American Edge Project and the consulting firms that work for the group.
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Keywords: politics, breaking news: technology, business news, government and politics, social issues, meta platforms inc, breaking news: politics, technology, business, social media,
Source: https://www.cnbc.com/2023/05/01/facebook-primary-donor-group-antitrust-fight.html