The British firm at the center of Facebook’s recent data privacy controversy is shutting down.
Today, Cambridge Analytica—which was hired by both Donald Trump and Ted Cruz’s campaigns during the 2016 presidential race—announced it will file for bankruptcy in bankruptcy court in the U.S. Southern District of New York. Meanwhile, its parent company, SCL Elections, will file for insolvency in the United Kingdom while ceasing all operations in both countries.
Over the past two months, Facebook has accused the company of wrongfully using user data, which sparked an independent investigation in the UK.
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