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Benzinga
Benzinga
Politics
Shanthi Rexaline

Apple Spends Record Amount On Lobbying In Q1 Amid Congress' Big Tech Clampdown

Apple Nasdaq

Big techs have been caught in the middle of regulatory crossfire for abusing their dominant market positioning. These companies reportedly paid a high price in the first quarter for steering clear of controversy.

What Happened: Tech giant Apple, Inc. (NASDAQ:AAPL) coughed up a record $2.5 million toward lobbying in the first quarter, Bloomberg reported, citing disclosure reports by lobbying law firms.

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