Major tech companies of Silicon Valley spend an insane amount of money on trying to influence the regulatory process and lawmakers in Washington, D.C., via federal lobbying.
The concept of lobbying is a push by Silicon Valley-based tech companies to minimize or eliminate regulations and rules that are hindering their growth as they continue to expand into various sections of the economy like medicinal devices and cars. For instance, take Apple CEO Tim Cook. He spent a whopping $4.5 million in tech lobbying.
The concept of tech lob...