Facebook Doubles Its Lobbying Ahead Of IPO

Facebook filed its first quarter lobbying reports with the U.S. Senate today and the numbers indicate that the social site is on pace for another record year, spending $650,000 so far in 2012.

That’s a hefty price tag, especially since the first quarter figure represents nearly half of what Facebook spent in all of 2011, another banner year for the company’s lobbying balance sheet which grew to a hefty $1.35 million.

The irony is that the quarterly report is filed with the U.S. Senate in the midst of what the tech industry is calling Cyber Week, when a number of cybersecurity bills which Facebook has an interest in will be considered by the U.S. House of Representatives.

The quarterly figure just reported by Facebook is almost two-thirds more than the social networking site spent this time last year. It’s also an enormous leap from the first quarter lobbying spend in 2010 of $41,390.

Since then, of course, Facebook has expanded its Washington office, hiring staff from Capitol Hill as well as expanding its privacy team.

In the past, Facebook’s lobbying records, while steadily growing over time were modest compared to other technology companies. As of this writing, Google’s report has not been filed online. We will try to update this post as more information becomes available.

What do you think of Facebook’s growing lobbying budget?

Image courtesy of Shutterstock.

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