Cambridge Analysts filed for bankruptcy | Alleged abuse of 87 million Facebook user data

According to foreign media reports, 8700 user data leakage has brought great trouble to Facebook. CEO Zuckerberg also had to participate in the congressional hearing for two consecutive days. The protagonist, Cambridge Analytics, which had leaked the matter, had already filed for bankruptcy.

The Cambridge analysis declared bankruptcy on Wednesday, local time, announced that the company had closed, ceased all operations, and submitted bankruptcy filings.

Cambridge Analytics is a data analysis company in the United Kingdom. It was alleged to have inappropriately used the data of 87 million Facebook users in 2016. After the disclosure of Facebook data leaks, Cambridge Analytical CEO Alexander Knicks was suspended, and soon thereafter acted as CEO. Alexander Tayler also announced his resignation.

It is reported that Cambridge analysis submitted bankruptcy applications to courts in the United Kingdom and Manhattan in the United States.

Judging from the official information, the Cambridge analysis filed for bankruptcy is still related to the negative impact of Facebook's data leakage. Cambridge analysis indicated that after the Facebook data leakage, the media’s siege against them almost scared off all customers and suppliers, and resulted in Loss of potential customers, the company's financial instability.