May 18, 2018 04:45 PM IST | Information Technology
Cambridge Analytica files for bankruptcy in US following Facebook debacle
Cambridge Analytica and its British parent SCL Elections Ltd said earlier this month that they would shut down immediately and begin bankruptcy proceedings after suffering a sharp drop in business.
Cambridge Analytica LLC listed assets in the range of $100,001 to $500,000 and liabilities in the range of $1 million to $10 million.
Facebook has faced multiple investigations in the United States and Europe over its handling of personal data of users, hurting shares of the Mark Zuckerberg-led company.
Published Date: May 18th, 2018 04:45 PM | Updated Date: May 18, 2018 04:45 PM IST