Home Business News Data scandal-hit Cambridge Analytica files for bankruptcy

Data scandal-hit Cambridge Analytica files for bankruptcy

by LLB Reporter
18th May 18 9:21 am

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Cambridge Analytica, the data firm at the center of Facebook privacy row, has filed for Chapter 7 bankruptcy in a New York court on Thursday.

Cambridge Analytica LLC listed assets in the range of $100,001 to $500,000 and liabilities in the range of $1m to $10m, according to reports.

The company, which did work for President Donald Trump’s 2016 campaign, had stated earlier this month that it had lost “virtually all” customers and suppliers as a result of reports that it improperly obtained information from tens of millions of Facebook users.

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