lamo!
Cambridge Analytica closing after Facebook data harvesting scandal
Political consultancy, under fire over use of millions of Facebook users’ data, has begun insolvency proceedings
SCL Group and its Cambridge Analytica consultancy, which were at the centre of this year’s Facebook privacy row, are closing and starting insolvency proceedings.
The company has been plagued by scandal since the Observer reported that the personal data of about 50 million Americans and at least a million Britons had been harvested from Facebook and improperly shared with Cambridge Analytica.
Cambridge Analytica denies any wrongdoing, but says that the negative media coverage has left it with no clients and mounting legal fees.
“Despite Cambridge Analytica’s unwavering confidence that its employees have acted ethically and lawfully, the siege of media coverage has driven away virtually all of the Company’s customers and suppliers,” said the company in a statement.
“As a result, it has been determined that it is no longer viable to continue operating the business, which left Cambridge Analytica with no realistic alternative to placing the company into administration.”
The company has started insolvency proceedings in the US and UK. At Cambridge Analytica’s New York offices on an upmarket block on Manhattan’s Fifth Avenue, it appeared all the staff had already left the premises.
The Guardian rang the doorbell to the company’s seventh-floor office and was met by a woman who would not give her name but said she did not work for the company.
Asked if anyone from Cambridge Analytica or SCL was still inside, she said: “They used to be. But they all left today.”
More to the story here:
https:// www.theguardian.com/uk-news/2018/may/02/cambridge-analytica-closing-down-after-facebook-row-reports-say
Thinking they will be cash poor with all of the legal fees, that it will be difficult to recover, not to mention the criminal aspect of their behavior. If they do open under a different name they will also have to have different principal ownership, with the muddy waters created.
Content of the message is what is important, not the delivery.
I have viewed this one a few times it is worth the investment in time.
Indeed, one a night for the first time around.