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Cambridge Analytica declares bankruptcy in the United States

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  • Fri, 05/18/2018 - 16:31
Cambridge Analytica
  • EFE

The British consultancy Cambridge Analytica presented documents late Thursday to qualify for bankruptcy protection in the United States, local media reported today.

The company, which announced at the beginning of the month the immediate cessation of all its activities, had already started the process to declare itself insolvent in the United Kingdom.

In the US, Cambridge Analytica and its US subsidiary carry out this procedure before a federal court in Manhattan.

According to court documents presented by the company, the US business has assets worth between 100,000 and 500,000 dollars and a liability of between one million and ten million dollars.

The political consultant is at the center of the controversy over the alleged misuse of data from millions of users of the social network Facebook

Several media outlets revealed in March that the company used information from millions of Facebook users to design software that could help boost the election campaign of the US president, Republican Donald Trump.

The president of the social network, Mark Zuckerberg, told the United States Congress that the British consultant accessed information from 87 million users, including their own personal data.

University of Cambridge scholar Aleksandr Kogan has admitted that he designed a personality test with which he was able to obtain information from Facebook users who had not explicitly consented to the use of that data.

EFE

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