Data firm at center of Facebook privacy scandal will close
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May 3, 2018
NEW YORK (AP) — Cambridge Analytica, the Trump-affiliated data firm at the center of Facebook's worst privacy scandal in history, is declaring bankruptcy and shutting down.
The London firm blamed "unfairly negative media coverage" and said it has been "vilified" for actions it says are both legal and widely accepted as part of online advertising.
Cambridge Analytica said it has filed papers to begin insolvency proceedings in the U.K. and will seek bankruptcy protection in a federal court in New York.
"The siege of media coverage has driven away virtually all of the company's customers and supp...
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