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Meta had its biggest lobbying quarter ever
Meta says employee compensation explains the uptick.
The blockbuster quarter underscores just how much pending legislation is aimed at Meta and its peers — on everything from data privacy, kids online safety, and content moderation. The most significant piece of tech legislation to pass recently was a bill that could ban TikTok unless its China-based parent company, ByteDance, divests it within a year — a law that Meta stands to directly benefit from if one of its closest competitors is forced to exit the US market. That period coincided with the revelations from former employee turned whistleblower Frances Haugen, who shared internal documents showing the company was aware of the harmful effects of its services on teens, among other findings.
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