Cambridge Analytica to shut down after massive scandal

Facebook Is Actively Looking Into Launching A Paid Version: Report

Embattled psychographics firm Cambridge Analytica and its affiliated company SCL Elections announced on 2 May 2018 they will file for insolvency following scandal over its misuse of millions of Facebook users' data in relation to consequential elections.

Up to 87 million people may have had data harvested by an app which was then acquired by the company, according to Facebook.

"It is no longer viable to continue operating the business", Cambridge Analytica said in the statement.

Founded in 2013, as a subsidiary of SCL Group, a consultancy, the company worked on political campaigns with a tech-focused approach, claiming they had a large hand in the success of Donald Trump's election to the presidency of the United States in 2016.

In a statement Wednesday, Facebook said, "This doesn't change our commitment and determination to understand exactly what happened and make sure it doesn't happen again".

Cambridge Analytica appears to want to put an end to all its problem by shutting down.

"Cambridge Analytica and SCL group can not be allowed to delete their data history by closing".

He called the revelations about the way Facebook users' information was shared by Facebook with third-party groups "discouraging and alarming".

Just over a week ago, the company held a press conference that all national issues across the world, including in India, involving SCL Elections would be handled by an independent investigation. Cambridge Analytica sought information on Facebook to build psychological profiles on a large portion of the U.S. electorate. His daughter Rebekah Mercer was the company's first president.

Atletico's Diego Costa kills Wenger's trophy dream for Arsenal
They (Atletico) are a team that defends well. "I'm like the team, very sad and very disappointed", Wenger said. As for Marseille, a French team has never won the Europa League and hasn't won a Champions League since 1993.

Attorney general Josh Stein announced Wednesday that's how many people are affected by Cambridge Analytica and other third parties.

It is not yet known how many Facebook users there are overall in Pennsylvania.

The data firm says the media furore surrounding the Facebook privacy scandal has stripped it of its customers and suppliers, forcing it to close.

Questions have also been raised around the role the company played in the Trump presidential campaign and campaigns to leave the European Union, as well as in India and beyond.

According to Emerdata's Companies House record in the United Kingdom, its business involves "data processing, hosting and related activities", while Alexander Nix, the suspended CEO of CA, was appointed as a director in February, only for this to be terminated in April.

In 2015, Facebook demanded that Cambridge Analytica delete all the data it had collected. Facebook has over 20 crore users in India.

A separate investigation by the House of Commons committee on digital, culture, media and sport into fake news will also continue to examine issues relating to Cambridge Analytica. Cambridge Analytica has denied the charges.

Damian Collins, chair of the House of Commons select committee for Digital, Culture, Media and Sport (DCMS) which is conducting its own investigation as part of a wider inquiry in fake news, said: "Cambridge Analytica and (parent company) SCL Group can not be allowed to delete their data history by closing".

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