Cambridge Analytica to shut down after Facebook data scandal
- 6 years ago
Now for a look at stories making headlines around the world….
The British consultancy firm embroiled in the recent Facebook data scandal has announced it's shutting down.
Cambridge Analytica is accused of improperly obtaining the personal data of tens of millions of Facebook users to help its client Donald Trump in the 2016 U.S. presidential election.
For more on this and other international news we turn to our Ro Aram…
Aram… this big clash over privacy has destroyed the company....
That's right Semin… Cambridge Analytica and its parent company SCL Elections said Wednesday they are immediately ceasing all operations and have started insolvency proceedings both in the U.S. and the UK.
It said the negative media coverage in the wake of the Facebook data scandal left it with no clients and mounting legal fees.
Cambridge Analytica continues to deny accusations that it failed to delete the personal data which Facebook knew it had improperly obtained on users three years ago and using that data to target voters in the 2016 U.S. elections.
The firm also came under fire after undercover recordings released by the UK's Channel 4 News showed the company's executives bragging about their methods to help Trump win the election, including "sending some girls" to certain politicians to obtain compromising material.
The comments led to the CEO Alexander Nix's suspension in March after the recordings were released.
Meanwhile, there's some skepticism surrounding the firm's decision to shut down, especially when it's subject to audit by Facebook as well as American and British authorities.
Critics believe Cambridge Analytica and SCL Elections may be shutting operations to limit or restrict the ability of the authorities' investigations and to get rid of evidence.
Facebook said it will continue with its own probe into matter despite the firm's closure.
The British consultancy firm embroiled in the recent Facebook data scandal has announced it's shutting down.
Cambridge Analytica is accused of improperly obtaining the personal data of tens of millions of Facebook users to help its client Donald Trump in the 2016 U.S. presidential election.
For more on this and other international news we turn to our Ro Aram…
Aram… this big clash over privacy has destroyed the company....
That's right Semin… Cambridge Analytica and its parent company SCL Elections said Wednesday they are immediately ceasing all operations and have started insolvency proceedings both in the U.S. and the UK.
It said the negative media coverage in the wake of the Facebook data scandal left it with no clients and mounting legal fees.
Cambridge Analytica continues to deny accusations that it failed to delete the personal data which Facebook knew it had improperly obtained on users three years ago and using that data to target voters in the 2016 U.S. elections.
The firm also came under fire after undercover recordings released by the UK's Channel 4 News showed the company's executives bragging about their methods to help Trump win the election, including "sending some girls" to certain politicians to obtain compromising material.
The comments led to the CEO Alexander Nix's suspension in March after the recordings were released.
Meanwhile, there's some skepticism surrounding the firm's decision to shut down, especially when it's subject to audit by Facebook as well as American and British authorities.
Critics believe Cambridge Analytica and SCL Elections may be shutting operations to limit or restrict the ability of the authorities' investigations and to get rid of evidence.
Facebook said it will continue with its own probe into matter despite the firm's closure.