Cambridge Analytica Files For Chapter 7 Bankruptcy - FbiCables Network | The News that Shapes World Opinion

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Friday, May 18, 2018

Cambridge Analytica Files For Chapter 7 Bankruptcy


FILE PHOTO: Window cleaners work outside the offices of Cambridge Analytica in central London
FILE PHOTO: Window cleaners work outside the offices of Cambridge Analytica in central London, Britain, March 24, 2018. REUTERS/Peter Nicholls/File Photo
May 18, 2018
(Reuters) – Cambridge Analytica, the firm at the center of this year’s Facebook <FB.O> 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.

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