The move will make Twitter the newest Musk-owned company with heavy lobbying spending and significant political sway in Washington.

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April 28, 2022
Elon Musk’s Twitter takeover adds to his corporate political influence and lobbying power


Billionaire Elon Musk bought Twitter on Monday for $44 billion, ending a weeks-long saga in which the platform’s board initially worked to fend off Musk’s takeover bid with a “poison pill” shareholder rights plan before unanimously approving his offer.

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Top Pentagon contractors spend less on lobbying as demand for weapons to Ukraine rises

Lockheed Martin, Raytheon, Boeing, Northrop Grumman, and General Dynamics spent $16.9 million on lobbying in the first quarter of 2022.

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Redistricting makes Michigan a battleground state for both parties, raising millions in multiple races

Michigan representatives raise millions for their races as redistricting spurs incumbent face-offs and district switching.

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Billionaire Coachella-owner pours money into political contributions boosting Republicans

Coachella-owner Philip Anschutz and his wife have given more than $5 million in state and federal political contributions.

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Ohio’s Republican Senate primary attracts big money as tensions boil over ahead of Saturday Trump rally

On May 3, Ohio voters will choose a Republican candidate after an expensive, contentious U.S. Senate primary.

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OpenSecrets in the News

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** Millionaire candidates pour cash into Ohio, Pa. Senate races (The Associated Press) ([link removed])

Sheila Krumholz, executive director of OpenSecrets, a research group that tracks campaign spending, said self-funding has become an increasingly appealing option for wealthy candidates because the lack of limits on personal giving allows them to “fight fire with fire” against deep-pocketed super PACs and dark money groups.

** These members of Congress could personally benefit from Elon Musk's Twitter takeover (Business Insider) ([link removed])

Members of Congress routinely introduce and vote on legislation that affects the tech industry broadly and Twitter specifically. Twitter, for its part, has spent more than $1 million lobbying the federal government during each of the past four years, according to federal records compiled by nonpartisan research group OpenSecrets.

** Pennsylvania’s GOP Senate primary draws backing from some of Wall Street’s biggest billionaires, making it one of the most expensive midterm races (CNBC) ([link removed])

Wall Street firms typically back candidates on both sides of the aisle. Goldman’s political action committee and its employees, for instance, donated a combined $1 million to Barack Obama’s campaign when he first ran for president in 2008, according to the Center for Responsive Politics. President Joe Biden saw more than $70 million from Wall Street in his run for the White House.
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