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You're toxic, I'm slippin' under: SCL, Cambridge Analytica file for US bankruptcy • The Register

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Publication Date: 2018-05-18
The US branches of Cambridge Analytica and its parent firm SCL have filed for bankruptcy as execs inch closer to ridding themselves of the toxic brand. The filings, submitted to the New York Southern Bankruptcy Court late yesterday, are for a Chapter 7 bankruptcy – akin to liquidation in the UK – which allows the debtor to escape without having to file a repayment plan*. Cambridge Analytica is the firm at the heart of the Facebook data harvesting scandal, which hit headlines following revel...
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Cambridge Analytica files for bankruptcy amidst “siege” of negative attention | Ars Technica

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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...
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The rebirth of Cambridge Analytica

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Publication Date: 2018-05-12
CAMBRIDGE ANALYTICA, the data [VIDEO]driven company that was shown to be breaking the law through their use of personal data that was obtained wrongfully in both moral and legal standings, shut down recently citing the loss of clients after the Facebook scandal. But there are suggestions that this could be a ruse to then resume operations under a different guise. There were suggestions in the Guardian that the company could re-emerge because the leaders of Cambridge Analytica formed a comple...
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Is Cambridge Analytica really shutting down? – ThinkProgress

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On Wednesday, Julian Wheatland, the new CEO of the much-maligned Cambridge Analytica, told employees that both Cambridge Analytica and its parent company, SCL Group, were shutting down for good. One of the primary reasons Wheatland cited, according to Gizmodo, was that any attempt to rebrand the company in the face of its massive data harvesting scandal was “futile.” That may be true for the employees, but it doesn’t appear to apply to Cambridge Analytica’s higher-ups. Rebekah Mercer — who,...

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