Cambridge analytics filed for bankruptcy allegedly abusing 87 million Facebook user data

2018-07-05

[TechWeb] May 3rd news, according to foreign media reports, 8700 user data leakage to Facebook has brought great trouble, CEO Zuckerberg also had to attend the congressional hearings for two days, and the Cambridge analysis company, the protagonist of the leak, has applied for bankruptcy.

Cambridge analytics filed for bankruptcy allegedly abusing 87 million Facebook user data

Cambridge analytics filed for bankruptcy allegedly abusing 870 million Facebook user information

The Cambridge analysis was declared bankruptcy on Wednesday local time, announcing that the company had closed the door, stopped all operations and had submitted the bankruptcy filing.

Cambridge analysis, a British data analysis firms, was referred to as an inappropriate use of 87 million Facebook users in 2016, after the Cambridge analysis of CEO Alexander Nikos was suspended after an exposure of Facebook data leaks, and soon after the agency CEO Alexander Taylor (Alexander Tayler) announced his resignation.

It is reported that the Cambridge analysis submitted bankruptcy applications to the courts in the United Kingdom and Manhattan.

From the official information, Cambridge’s analysis of bankruptcy is related to the negative impact of Facebook data leaks. Cambridge analysis indicated that the media’s siege to them after the Facebook data leaked almost scare all the customers and suppliers, and cause the loss of potential customers and the company’s financial instability. (Capsicum)

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