It filed for voluntary Chapter 7 bankruptcy in the Southern District of New York, court filings showed.
The FTC privacy probe was triggered last year by allegations that Facebook violated a 2012 consent decree and inappropriately shared information of 87 million users with British political consulting firm Cambridge Analytica.(Photo: AFP)
New York: Cambridge Analytica, the British marketing analytics firm, filed for voluntary Chapter 7 bankruptcy in the Southern District of New York, court filings showed.
The firm, whose attorney filed on Wednesday, announced early May that it would close and file for insolvency in Britain and the United States after failing to recover from the Facebook data scandal.
( Source : AFP )
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