Google, Facebook, 12 Others Join Lobbying Forces

Fourteen major Internet companies, including Amazon.com (Nasdaq: AMZN  ) , Facebook (Nasdaq: FB  ) , and Google (Nasdaq: GOOG  ) , today revealed details of their new lobbying effort, The Internet Association, which is aimed at being "the unified voice of the Internet economy in Washington."

The association released its full list of members today after a press release back in July laid the groundwork. The member companies are Amazon, Facebook, Google, AOL, eBay, Expedia, IAC, LinkedIn, Monster Worldwide, Rackspace, salesforce.com, TripAdvisor, Yahoo!, and Zynga.

The companies hope to promote a "free and innovative" Internet. Three primary points of advocacy are at the group's core: protecting Internet freedom, fostering innovation and economic growth, and empowering users, according to a press release by the association.

The association's plans include educating legislators about the impact of the Internet and Internet companies on job creation and economic welfare. Internet Association President and CEO Michael Beckerman said: "A free and innovative Internet is vital to our nation's economic growth." Companies in the Internet sphere have stepped up lobbying this year; Google has spent $9 million in such efforts through the first half of 2012, compared to $3.5 million in the same period last year, reported The Washington Post.

The move comes after numerous companies resisted the Stop Online Piracy Act (SOPA) and Protect IP Act (PIPA) last year in concerns over censorship and drastically affected business. The Internet Association could address issues such as Web privacy and piracy in light of such bills.

Fool contributor Dan Carroll holds no positions in the stocks mentioned in this article. The Motley Fool owns shares of TripAdvisor, salesforce.com, Amazon.com, Facebook, LinkedIn, and Google. Motley Fool newsletter services have recommended buying shares of eBay, salesforce.com, TripAdvisor, LinkedIn, Facebook, Google, Rackspace Hosting, and Amazon.com. Motley Fool newsletter services have recommended shorting salesforce.com. The Motley Fool has a disclosure policy.

We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2023433, ~/Articles/ArticleHandler.aspx, 11/26/2014 3:00:07 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement