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Cambridge Analytica is shutting down after Facebook privacy scandal ..


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#1 TheSentinel

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Posted 03 May 2018 - 07:10 PM

Cambridge Analytica is shutting down after Facebook privacy scandal, is it true?

Cambridge Analytica, the commercial data analytics company at the centre of the Facebook privacy scandal, is ceasing all operations. Cambridge Analytica, the commercial data analytics company at the centre of the Facebook privacy scandal, is ceasing...

May 2, 2018  By Pierluigi Paganini   Posted In  Breaking News  Intelligence  Social Networks

Read the complete article:
https://securityaffa...ica-closes.html

 



#2 TheSentinel

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Posted 20 May 2018 - 05:55 PM

[Latest update on that]

 

Cambridge Analytica files for bankruptcy amidst “siege" of negative attention
"It has been determined that it is no longer viable to continue operating the business."

Cyrus Farivar - May 18, 2018 9:37 pm UTC

Cambridge Analytica LLC, the American arm of the London-based data analytics firm of the same name, filed for bankruptcy in federal court in New York on Friday. The company submitted a voluntary formal petition for Chapter 7 bankruptcy—liquidation. That document reveals the company has between $1 and $10 million in debt with very little assets. On May 2, SCL Elections Ltd. and its other British affiliates filed similar "insolvency" documents with UK authorities.

See the full article on that at:
https://arstechnica....tive-attention/