Cambridge Analytica, overwhelmed by a scandal over how he gathered data from Facebook to influence the recent US election, filed for bankruptcy in New York.
British policy advice had already said it would cease operations and settle in its home country, and the petition in Chapter 7 in New York will address the issues raised by US creditors. The filing listed estimated liabilities of $ 1 million to $ 10 million
The American process could also shed light on some of the company's relationships and finances as US litigation is more transparent than that in the United Kingdom and creditors can apply for bankruptcy law Information Subpoena and Property Transfer Investigation
The company that worked for US President Donald Trump's 2016 campaign said on May 2, 1945, that it had lost "virtually all" customers and suppliers A series of reports that it has misappropriated information from tens of millions of users of Facebook Inc.
Robert Mercer, the New York hedge fund manager and supporter of Trump, was a financial backer of Cambridge Analytica with Steve Bannon and Breitbart News
In March, the footage came from the Company executives bragging about how prostitutes and former spies might be used to capturing politicians and influencing elections. One segment showed CEO Alexander Nix that Ukrainian girls are "very beautiful, I think that works very well." Nix in a BBC interview later said that the allegations were "unfounded and extremely unfair".
Cambridge Analytica said in its May 2 statement that it had "been the subject of numerous unfounded allegations" and that it is being defamed for activities that are not only legal, but also widely accepted as a standard component of online advertising . "
Cambridge Analytica faces lawsuits in the US over the Facebook data collection. One, for example, seeks the status of a class action lawsuit on behalf of all New York citizens who were Facebook members and whose information was obtained. They say that they are exposed to continuing damage because their private data is in the hands of the company.
Facebook itself has also been sued dozens of times for data breach, and if it were to lose suits, this could be expected. Contact Cambridge Analytica for damage.
A whistleblower from Cambridge Analytica unleashed a firestorm in March after revealing how information extracted from Facebook was used to influence voters. He told a British parliamentary committee and described the company as having had to deal with illegal data and hacked material to win elections. He said Trump's victory was one of the reasons he whistled. House democrats, who met with him in in April, called his information "disturbing."
– Supported by Jordan Robertson