The embattled political
consulting firm Cambridge Analytica announced on Wednesday that it would
cease most operations and file for bankruptcy amid growing legal and
political scrutiny of its business practices and work for President
Trump.
The decision was made
less than two months after the firm and Facebook became embroiled in a
data-harvesting scandal that compromised the personal information of up
to 87 million people. Revelations about the misuse of data, published in
March by The New York Times and The Observer of London, plunged the
social media giant into crisis and prompted regulators and lawmakers to
open investigations into Cambridge Analytica.
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