POLICY_ Cambridge Analytica announces it is shutting down

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Cambridge Analytica announces it is shutting down

By Harper Neidig - 05/02/18 02:09 PM EDT
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Cambridge Analytica, the political consulting firm at the center of the data scandal that has engulfed Facebook, announced Wednesday that it is shutting down.

The British company said in a news release that it would be starting bankruptcy proceedings in the U.S. and UK. Its parent company, SCL Group, is also shutting down.

The news was first reported by The Wall Street Journal, which said that Cambridge Analytica had been losing clients since it was revealed in March that it had improperly obtained data on 87 million Facebook users.

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READ MORE: http://thehill.com/policy/technology/385881-cambridge-analytica-shutting-down-report

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