Cambridge Analytica has announced that is “Immediately ceasing all operations”.
The UK based political consultancy’s parent firm SCL Elections Ltd has filed for bankruptcy for Cambridge Analytica and many of U.S affiliates, and on Wednesday released a statement arguing negative media coverage irreparably damaged the businesses by driving away “virtually all” of their clients.
This statement also denies all allegations of illegal activities carried out by Cambridge Analytica and it’s sibling organisations on behalf of political parties and campaigns in Europe, the United States and Africa.