Cambridge Analytica Files for Voluntary Chapter 7 Bankruptcy

It listed assets in the range of $100,001 to $500,000 and liabilities in the range of $1 million to $10 million.

Reuters

It listed assets in the range of $100,001 to $500,000 and liabilities in the range of $1 million to $10 million.

cambridge analytica files for voluntary chapter 7 bankruptcy

A person works on a laptop in the empty offices of Cambridge Analytica in Washington, DC, US, May 2, 2018. Credit: Reuters/Leah Millis

Cambridge Analytica, the firm at the center of this year's Facebook privacy row, filed for voluntary Chapter 7 bankruptcy in a New York court late on Thursday.

Cambridge Analytica LLC listed assets in the range of $100,001 to $500,000 and liabilities in the range of $1 million to $10 million.

Cambridge Analytica and its British parent SCL Elections Ltd said earlier this month that they would shut down immediately and begin bankruptcy proceedings after suffering a sharp drop in business.

This article went live on May eighteenth, two thousand eighteen, at one minutes past two in the afternoon.

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