C 2018
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Cambridge Analytica ceases operations

Cambridge Analytica was founded in 2013 as an offshoot of the British company SCL Group. (Source: Huffington Post)
Cambridge Analytica was founded in 2013 as an offshoot of the British company SCL Group. (Source: Huffington Post)
A press release from Cambridge Analytica and parent company SCL Group has stated that all the firm's operations have ceased. Insolvency applications have been filed in the UK and bankruptcy proceedings will soon commence in the USA. The company’s closure has been attributed to “damage caused to the business by the unfairly negative media coverage” in relation to the ongoing Facebook data scandal.

Representatives for Cambridge Analytica have sent out a press release confirming that the company is ceasing all operations. The data-mining consultancy firm has been at the center of the Facebook data breach controversy, which involved the collection and sharing of personal information from around 87 million Facebook users. The company has closed offices in the UK and USA, and it has started filing the appropriate insolvency paperwork in both countries. The press release was bullish in defense of the company’s activities:

Over the past several months, Cambridge Analytica has been the subject of numerous unfounded accusations and, despite the Company’s efforts to correct the record, has been vilified for activities that are not only legal, but also widely accepted as a standard component of online advertising in both the political and commercial arenas.

Regardless of the levels of accountability the company could assume, the scandal has hit Cambridge Analytica severely, as the press release points out:

The siege of media coverage has driven away virtually all of the Company’s customers and suppliers.

The closure of Cambridge Analytica and its parent company SCL Group certainly does not herald the end of the investigation into the issue of how personal data was handled. The UK’s Information Commissioner’s Office (ICO) has already stated plans to keep examining the affair and "pursue individuals and directors as appropriate and necessary even where companies may no longer be operating."

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2018 05 > Cambridge Analytica ceases operations
Daniel R Deakin, 2018-05- 3 (Update: 2018-05- 3)