The antitrust fight may have just killed one of Silicon Valley’s most powerful lobbying groups. Internet Association confirms it will shut down after trying to avoid picking sides in debate between larger and smaller tech companies.
The Internet Association — which had around 40 members, including Alphabet Inc.’s Google GOOGL, +1.76% GOOG, +1.65%, Amazon.com Inc. AMZN, +2.50%, Meta Platforms Inc. FB, +2.37%, and smaller tech companies — announced Wednesday it is shutting down at the end of this year. The Washington, D.C.
“Our industry has undergone tremendous growth and change since the Internet Association was formed almost 10 years ago, and in line with this evolution, the Board has made the difficult decision to close the organization at the end of this year,” the association said in a statement Wednesday.The dissolution of a once-powerful group that once billed itself as “the unified voice of the internet economy” underscored the schism in tech between antitrust enforcement and IA’s absence in that debate.
In its early years, when President Barack Obama and the Democratic Party were champions of tech, the IA thrived as a unified voice for all its members on policy goals.
Indeed, Amazon , Meta , and Alphabet , ranked among the top-20 spenders in lobbying efforts on government policy this year, according to the nonprofit OpenSecrets.
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