• By The Financial District

AMAZON, BIG TECH COZYING UP TO BIDEN CAMP

Amazon appears to have taken an early lead making inroads into the Biden camp, according to data gathered by Reuters from OpenSecrets and campaign finance records, along with interviews with over a dozen stakeholders including anti-monopoly groups, lobbyists, congressional aides, competitors and lawmakers.

Joining Amazon, Alphabet's Google and Microsoft are among the top five contributors to Joe Biden's candidate campaign committee in the 2020 cycle, according to data from OpenSecrets, a website which tracks money in politics and campaign finance records, Nandita Bode reported for Reuters.


The firms are prohibited by law from donating themselves. The contributions were either made by the company’s political action committees (PACs) themselves, members of the PAC or their employees. Tech is strengthening relationships in case of a Biden victory to ensure they have a voice in an onslaught of federal and state investigations into their business practices, according to campaign finance records and interviews.


Biden, for his part, has criticized large internet companies during interviews and campaign events. He has urged the revocation of a key legal shield protecting internet companies from liability over user-generated content. He has also expressed concern over market concentration and privacy issues in the technology industry; criticized Amazon for not paying taxes; and expressed displeasure with Facebook and its founder Mark Zuckerberg.



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