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CAMBRIDGE ANALYTICA AND SCL PAY PRICE OF TREACHERY

PostPosted: Fri May 18, 2018 2:02 pm
by Cannydc
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.