Firm at center of Facebook privacy scandal to close
NEW YORK (AP) - The data firm at the center of Facebook's privacy scandal is declaring bankruptcy and shutting down.
In a statement, Cambridge Analytica says it has been "vilified" for actions it says are both legal and widely accepted as part of online advertising. The firm says the media furor stripped it of its customers and suppliers, forcing it to close.
Cambridge Analytica sought information on Facebook to build psychological profiles on a large portion of the U.S. electorate. The company was able to amass the database quickly with the help of an app that appeared to be a personality test.
The app collected data on tens of millions of people and their Facebook friends, even those who did not download the app themselves.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Thousands gather the streets for the 40th Spanish Town parade
Anticipation grows as residents prepare for Spanish Town Parade
Krewe of Southdowns returns to the Roaring 20s
Sheriff's office investigating incident between students inside school restroom
Louisiana NAACP demands immediate resignation of judge over racist messages following WBRZ...