Cambridge Analytica LLC, the American arm of the London-based data analytics firm of the same name, filed for bankruptcy in federal court in New York on Friday. The company submitted a voluntary formal petition for Chapter 7 bankruptcy—liquidation. That document reveals the company has between $1 and $10 million in debt with very little assets. On May 2, SCL Elections Ltd. and its other British affiliates filed similar "insolvency" documents with UK authorities. It was revealed last month t...
NewsPublication Date: 2018-04-30
Twitter sold data to Aleksandr Kogan’s Global Science Research (GSR), the company that supplied the Facebook data of up to 87 million users to political data analytics firm Cambridge Analytica. GSR was granted access to large-scale public Twitter data for one day in 2015, according to Bloomberg. “In 2015, GSR did have one-time API access to a random sample of public tweets from a five-month period from December 2014 to April 2015,” Twitter said in a statement to Bloomberg. “Based on the rec...