Cambridge Analytica will liquidate existing operations
NEW YORK (AP) — Cambridge Analytica, the beleaguered data collection agency that worked for President Donald Trump's 2016 election campaign, is liquidating existing operations.
The British firm filed for Chapter 7 bankruptcy protection late Thursday. It said in a New York court filing late Thursday that its assets totaled $100,001 to $500,000. Its liabilities are between $1 million and $10 million.
Cambridge Analytica insisted that none of the Facebook data it acquired from an academic researcher was used in the Trump campaign.