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Cambridge Analytica Files For Bankruptcy

According to several reports, the data firm filed for voluntary Chapter 7 bankruptcy in the U.S. on Thursday.
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Cambridge Analytica Files For Bankruptcy

Cambridge Analytica has filed for bankruptcy.

According to several reports, the data firm filed for voluntary Chapter 7 bankruptcy in the U.S. on Thursday. 

Cambridge Analytica announced it was shutting down earlier this month after experiencing a sharp drop in business. 

It has been accused of gathering data from as many as 87 million Facebook users without their explicit consent. 

But the company said it's done nothing wrong and that its actions were well within standard practices for the industry.