Cambridge Analytica files for bankruptcy after Facebook scandal

INSUBCONTINENT EXCLUSIVE:
Authors: JordanCambridge Analytica, the consulting firm in the center of the Facebook data-abuse scandal, has announced that it's shutting
in the UK, where it operates as SCL Elections.According to the statement, the media attention following accusations of improper data mining
and the ensuing legal battles have lead to the company losing clients and money.Innocent until proven guiltyDespite Facebook admitting that
in 2013 to focus on US elections and had the financial backing of prominent Republican donor Robert Mercer, who fed in US$15 million to help
the Trump campaign.Since its set up, the firm has provided consumer research and targeted advertising to political and corporate
shutdown came into effect on Wednesday, May 2, and employees were asked to hand over all company laptops and other assets.