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Facebook data scandal: Cambridge Analytica files for bankruptcy in US

AFP/PTI/New York 18 May 18 | 02:58 PM

Cambridge Analytica, the British marketing analytics firm, filed for voluntary Chapter 7 bankruptcy in the Southern District of New York, court filings showed.

The firm, whose attorney filed on Wednesday, announced early May that it would close and file for insolvency in Britain and the United States after failing to recover from the Facebook data scandal.

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