Cambridge Analytica files for chapter 7 bankruptcy in USA court

May 18, 2018, 11:07
Cambridge Analytica files for chapter 7 bankruptcy in USA court

"Over the past several months, Cambridge Analytica has been the subject of numerous unfounded accusations and, despite the Company's efforts to correct the record, has been vilified for activities that are not only legal, but also widely accepted as a standard component of online advertising in both the political and commercial arenas", the firm said in a statement Wednesday. But after the company received money from Robert Mercer, a company founder and supporter of President Donald Trump's campaign, "the only instruction we had was not to work with Democrats", said Wylie, who worked there from 2013-2014.

Facebook has accused Cambridge Analytica of misappropriating its user data by violating terms of the data agreement with Kogan, the academic researcher.

Alexander Nix
Cambridge Analytica suspended chief executive Alexander Nix in March

"Mr. Bannon sees cultural warfare as the means to create enduring change in American politics".

In an interview with CNN Wednesday night, Wylie said that Cambridge Analytica offered services to "discourage or demobilize certain types of people from voting" and that African-Americans were targets of those "voter disengagement strategies".

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Christopher Wylie, who leaked information on the British-based firm's hijacking of data on millions of Facebook users, told a Senate panel he believes Russian intelligence services had access to data harvested by the consultancy.

Sen. Christopher Coons (D-Del.) asked Wylie if Bannon's goal "was to suppress voting or discourage certain individuals in the US from voting", to which Wylie responded, "That was my understanding, yes".

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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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