Cambridge Analytica shuts down: How Facebook weathered the data theft storm
Cambridge Analytica and parent firm SCL Elections announced shutting down after Facebook data scandal and would file for insolvency in Britain and US. Here are some of its damage-control steps
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Cambridge Analytica’s London office. A Latin American mobile app, Pig.gi, which Cambridge Analytica had hoped to use to mine data for Mexican presidential campaigns, has severed ties with the embattled political-advertising firm. Photo: Reuters
British marketing analytics firm Cambridge Analytica on Wednesday announced that it, along with its parent firm SCL Elections Ltd, was shutting shop and would file for insolvency in Britain and the US. The firm's business took a hit after it emerged that the company had improperly obtained data of 87 million Facebook users on behalf of political clients, including, allegedly, the present US President Donald Trump.