Microsoft Corporation (NASDAQ:MSFT) Set Sights On Joe Biden To Avoid Antitrust Woes
Microsoft Corporation (NASDAQ:MSFT) has gone to great lengths to protect its prospects and avoid regulatory scrutiny as other tech giants remain at crossroads with antitrust authorities. Likewise, the company is already looking into the future, wary of a potential regime change.
Tech Antitrust Woes
Close ties with the Democratic front runner, Joe Biden, does not come as a surprise given that polls are increasingly showing he is likely to clinch the hotly contested U.S president seat. The company is reportedly the fourth highest contributor to Biden Campaign. Similarly, the Washington-based software company hopes its donations will be more than enough to protect it from any Washington scrutiny in the future.
Unlike other tech giants, Microsoft has stayed clear of antitrust tussles. The likes of Apple Inc. (NASDAQ:AAPL), Alphabet Inc. (NASDAQ: GOOGL), Amazon.com Inc. (NASDAQ:AMZN), and Facebook Inc. (NASDAQ:FB) are already facing investigations over what authorities claim to be illegal use of monopoly.
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Microsoft Biden’s Ties
Despite being the biggest software maker in the world, Microsoft has evaded any form of scrutiny. Likewise, the company has already clinched a lucrative $10 billion government contract, given its good terms with the current administration.
However, Microsoft growing ties with the Democratic Party could plunge it into trouble should Donald Trump retain the top seat. The company’s President, Brad Smith, is reportedly playing a key role behind the scene hosting fundraisers for Joe Biden. Likewise, the company’s Chief Technology Officer, Kevin Scott, and his wife have contributed more than $50,000 to the Democratic Party.
Microsoft spokeswoman insists that the company has a long history of engaging with administration on issues that matter to the core business.
It comes as a surprise large technology companies, including Microsoft, are yet to list as contributors to the Trump campaign. This is despite Joe Biden hinting at raising taxes on corporations as well as people earning more than $400,000 a year.
Top contributors to the Trump campaign have been government employees as well as the U.S Postal Services and the Department of Defense. Trump campaign has also received significant contributions from the American Airline Group and banks.
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