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+--- Thread: Cambridge Analytica Shutting Down, Files For Bankruptcy (/Thread-Cambridge-Analytica-Shutting-Down-Files-For-Bankruptcy)
Cambridge Analytica Shutting Down, Files For Bankruptcy - mothered - 05-03-2018
Greetings everyone,
It's of no surprise that Cambridge Analytica, the firm accused of data misuse pertaining to the social media platform namely Facebook, has filed for bankruptcy hence closing It's doors for good. I believe they've played their cards right by filing for bankruptcy- this will somewhat safeguard the company from litigation.
Quote:A data firm at the heart of Facebook's ongoing user privacy controversy announced Wednesday that it was shutting its doors and filing for bankruptcy.
Cambridge Analytica, the U.K.-based data mining firm Facebook accuses of misusing data from up to 87 million of the social media giant’s user profiles during the 2016 presidential campaign, announced Wednesday that the company was "ceasing all operations."
Source.