Posted on Oct 21, 2021, 10:29 AM
Facebook no longer counts the millions to redeem a virtue. In the third quarter, the digital giant spent $ 5.1 million defending its interests. A budget on the rise again, while the social network must respond to the revelations of Frances Haugen. This former employee recently testified before American parliamentarians, accusing her former employer of systematically putting the profit in front of the safety of its 3 billion users.
Facebook’s lobbying expenses were up 6.7% from the second quarter, and 3.9% from the third quarter of 2020. An envelope higher than that of other Gafa. Thus, Amazon spent $ 4.7 million, a budget down over one quarter. At the same time, Google and Microsoft each spent $ 2.6 million – 24.9% more and 6.5% less, respectively.
Cornered on all sides
Facebook is currently facing further scrutiny from US parliamentarians. These are working on a stricter framework for confidentiality rules for digital giants and the protection of children online. According to Frances Haugen’s revelations, Facebook was aware of the risks its platforms posed to users and to society in general, while minimizing them in public.
In May, the whistleblower decided to leave the social network with thousands of documents from internal forums. She has since filed a complaint with the SEC, the US stock market policeman, accusing Facebook and its executives of having betrayed investors.
Lawmakers are also working on a bipartisan antitrust law that would have a significant impact on Facebook’s business practices. The Menlo Park, California group is also under investigation by the Federal Trade Commission (the US competition police) regarding its acquisitions of the Instagram photo-sharing platform and the Whatsapp messaging service.