Cambridge Analytica files for bankruptcy

The data firm at the heart of the 2016 election controversy filed for bankruptcy on Tuesday.

Cambridge Analytica and its parent company SCL Elections went out of business “after losing clients and facing mounting legal fees,” AOL News reported. The company issued a statement claiming, “The siege of media coverage has driven away virtually all of the Company’s customers and suppliers.”

Cambridge Analytica has been accused of improperly using Facebook data to help Trump win the election. The company denies wrongdoing.

Read story here.

Photo: Billionaire Robert Mercer and his daughter Rebekah were major funders of Cambridge Analytica.




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