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Illustration: Annelise Capossela/Axios

Microsoft and Uber are leaving the Internet Association (IA), a trade group that lobbies on behalf of internet companies and the tech industry, Axios has confirmed.

Why it matters: Losing Microsoft and Uber, two major members, is a blow for the group. The association has seen steadily waning influence in D.C. in recent years, partly because it does not work on the competition and antitrust issues that beset the industry right now.

What they're saying: “It is always unfortunate to lose a member, but business decisions related to time and resources are to be respected," said Christina Martin, senior vice president of global communications and public affairs at The Internet Association.

  • "Microsoft and Uber have been great supporters of IA for nearly a decade. We have every hope they may return in the future," Martin said. “IA remains nearly 40 strong with new members having been added such as Discord, Notarize and NewsBreak.”   
  • "We advocate for public policies that support our business goals," a Microsoft spokesperson said. "As our business needs evolve, we periodically review trade association memberships to ensure alignment with our policy agenda."

Flashback: IA, which was founded in 2012 and includes members such as Google, Facebook and Amazon, thrived when it could fight for all of its member companies with a unified voice on policy goals, an easier mission in the earlier days of the internet, when tech still had a halo in Washington.

  • Now, tech companies often have different legislative priorities based on size or other factors. That has made IA's job more difficult and sometimes has set members at odds with one another.
  • Longtime former IA president Michael Beckerman is now at TikTok. Dane Snowden, a former cable lobbying group executive, is current president and CEO.

Go deeper

Jul 27, 2020 - Technology

Big Tech's power, in 4 numbers

Data: FactSet; Chart: Naema Ahmed/Axios

The four Big Tech CEOs who will testify before Congress Wednesday command global empires with power and wealth that make them more like countries than companies.

By the numbers: Here are four very large stats for Facebook, Apple, Google/Alphabet and Amazon that tell the story of their value, scale and influence.

Senate Republicans shrug off debt default deadline

Treasury Secretary Janet Yellen testifies before House members Wednesday. Photo: Al Drago/Bloomberg via Getty Images

Senate Republicans are feeling far more relaxed about the impending Dec. 15 federal debt-default deadline this time around, with many suggesting the real drop-dead date isn't until January.

Why it matters: Their attitude toward the deadline set by Treasury Secretary Janet Yellen is distinctively different from the hair-on-fire rhetoric before the initial Oct. 18 date. But a Congress discounting the advice of a Treasury secretary is risky financial practice — and has the potential to affect markets itself.

14 mins ago - Politics & Policy

GOP fights itself on shutting down government over vaccine mandates

Reporters question Senate Minority Whip John Thune before the Republican Party's weekly lunch on Tuesday. Photo: Kent Nishimura/Los Angeles Times via Getty Images

GOP leaders on Capitol Hill are scrambling to reach a deal with a bloc of 15 Senate Republicans threatening a government shutdown to force a fight over the Biden administration's vaccine mandates.

Why it matters: The push to defund the mandates — by holding the short-term government funding bill hostageis largely symbolic, and highly controversial within the Republican Party. A shutdown as early as midnight Friday could trigger everything from national park closures to delays in receiving Social Security checks.