by Cannydc » Fri May 18, 2018 2:02 pm
Cambridge Analytica, the data firm at the centre of the Facebook privacy scandal, has filed for bankruptcy.
The company filed for voluntary Chapter 7 bankruptcy in a New York court late on Thursday after being buried by legal fees and lost business.
Cambridge Analytica LLC listed assets as about $100,001 to $500,000 and liabilities in the range of $1 million to $10 million.
SCL Group, parent company of Cambridge Analytica, is also closing in the wake of rising legal costs in the Facebook investigation and loss of clients.
My heart bleeds.....not.
I trust this won't stop ant criminal charges going ahead.
Cambridge Analytica, the data firm at the centre of the Facebook privacy scandal, has filed for bankruptcy.
The company filed for voluntary Chapter 7 bankruptcy in a New York court late on Thursday after being buried by legal fees and lost business.
Cambridge Analytica LLC listed assets as about $100,001 to $500,000 and liabilities in the range of $1 million to $10 million.
SCL Group, parent company of Cambridge Analytica, is also closing in the wake of rising legal costs in the Facebook investigation and loss of clients.
My heart bleeds.....not.
I trust this won't stop ant criminal charges going ahead.