News

Cambridge Analytica to Shut down and File for Bankruptcy

Cambridge Analytica

Cambridge Analytica is on its way out.

Well, we all expected this sooner or later. Cambridge Analytica, the science firm involved in the recent Facebook scandal, will no longer be operating in any capacity. The company has filed for bankruptcy, which will trigger insolvency proceedings in the UK. Even though the media accused them of obtaining Facebook user data through shady means, the people behind Cambridge Analytica disagree.

In a recent press release, the company’s representatives stated that employees have acted ethically and lawfully. Apparently, they went out of business because of “unfairly negative media coverage” and “unfounded accusations.”

Internal Investigations.facebook

 

Following the scandal itself, Cambridge Analytica launched an internal investigation. However, it looks like they have found nothing wrong. Mark Zuckerberg also launched a similar investigation, and his exact statement was the following:

“This doesn’t change our commitment and determination to understand exactly what happened and make sure it doesn’t happen again. We are continuing with our investigation in cooperation with the relevant authorities.”

SCL Elections, which is one of Analytica’s affiliates, has also filed for bankruptcy. Furthermore, SCL Group, which owns both companies, will soon follow. Needless to say, the company has now lost all of its customers. Even though paying the bills is problematic for Cambridge Analytica, the firm still has enough money to pay severance packages for its employees.

Cernescu Andrei

Candrei is a writer for eTeknix who loves the latest technology news and gaming.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close

Adblock Detected

Please consider supporting us by disabling your ad blocker!   eTeknix prides itself on supplying the most accurate and informative PC and tech related news and reviews and this is made possible by advertisements but be rest assured that we will never serve pop ups, self playing audio ads or any form of ad that tracks your information as your data security is as important to us as it is to you.   If you want to help support us further you can over on our Patreon!   Thank you for visiting eTeknix