Controversial political consultancy Cambridge Analytica is shutting down after reports surfaced regarding a massive scandal over data it collected from Facebook during the 2016 election. The company said both Cambridge Analytica and its parent, SCL Elections, will cease all operations immediately as bankruptcy proceedings are to begin soon. The company came under heavy attack after it was revealed Cambridge had improperly accessed the data of 87 million Facebook users while working for President Donald Trump's 2016 campaign. Cambridge said it had been losing clients and facing mounting legal fees in the wake of the scandal.