Cambridge Analytica files for Chapter 7 bankruptcy

Cambridge Analytica files for Chapter 7 bankruptcy

Cambridge Analytica files for Chapter 7 bankruptcy

Cambridge Analytica, the Trump-aligned data firm which was found to have improperly harvested personal data from 87 million Facebook users, and former Trump adviser Steve Bannon worked to suppress the black vote in the 2016 election, a former employee told Congress on Wednesday.

Cambridge Analytica, the firm at the centre of this year's Facebook privacy row, filed for voluntary Chapter 7 bankruptcy in a NY court late on Thursday (May 17).

This information "might have been shared or misappropriated" by Russian entities, Wylie said, because of then-Chief Executive Officer Alexander Nix's contacts with with Russian oil company Lukoil PJSC.

"It is no longer viable to continue operating the business", Cambridge Analytica said in a statement.

During the hearing before the Senate Intelligence Committee, Wylie was asked by Sen.

Cambridge Analytica files for Chapter 7 bankruptcy

Bannon, along with billionaire Robert Mercer, wanted to use the targeted advertisement technology as part of an "arsenal of weapons to fight a culture war", Wylie said Wednesday.

Nix was "quite keen" to get all kinds of contracts for Cambridge Analytica, according to Wylie.

Cambridge Analytica whistleblower Christopher Wylie told Congress on Wednesday that the firm used by President TrumpDonald John TrumpGiuliani says Federal Bureau of Investigation may have placed spy in Trump campaign Giuliani: There is "nothing illegal about looking for dirt on political opponents" Giuliani: If Mueller subpoenas us, we will challenge it MORE's campaign in 2016 engaged in "voter disengagement" tactics targeting black Americans.

Wylie said there "was a particular focus in the company's activities" on swing states like Minnesota and Wisconsin.

Few months ago Wylie made headlines for revealing almost 87 million people may have been victims of data harvested by Cambridge Analytica without their consent as a result of a third-party application spoke of voter suppression during a Senate Intelligence Committee Wednesday.

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