Cambridge Analytica files for Chapter Seven bankruptcy

Written by PaperDabba
By: Reuters | Updated: May 18, 2018 12:20:25 pm

cambridge analytica, cambridge analytica bankruptcy, facebook leaks, cambridge analytica company, chapter 7 bankruptcy, indian express

Cambridge Analytica’s office in central London. (Photo: Reuters/Files)

Cambridge Analytica, the firm at the center of this year’s Facebook privacy row, filed for voluntary Chapter 7 bankruptcy in a New York court late on Thursday. Cambridge Analytica LLC listed assets in the range of $100,001 to $500,000 and liabilities in the range of $1 million to $10 million. Cambridge Analytica and its British parent SCL Elections Ltd said earlier this month that they would shut down immediately and begin bankruptcy proceedings after suffering a sharp drop in business.

For all the latest World News, download Indian Express App


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.