Cambridge Analytica Shuts Down Following the Facebook Data Scandal |
Posted: January 16, 2020 |
Remember the “data analysis firm” that wrongfully collected personal information of 87 million Facebook users? Well, they are shutting down. Cambridge Analytica announced on Wednesday, May 2, that it would terminate operations and declare bankruptcy in the United States and the United Kingdom. This, of course, comes in light of the scandal that occurred back in March in which the firm was put under scrutiny and legal investigation. In their statement, Cambridge Analytica claimed victim; arguing that their closure is due to damage caused by “unfair media coverage”. The audacity… “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 siege of media coverage has driven away virtually all of the Company’s customers and suppliers. As a result, it has been determined that it is no longer viable to continue operating the business.” Consequently, the shady firm shuts down. Now what? What happens to all the intellectual property (aka the Facebook user’s personal data that is in the hands of Cambridge Analytica)? Also, do we have to worry about them returning in the guise of a different firm? What will stop these corporate giants, including Facebook, from jeopardizing people’s sensitive information and therefore their personal lives? Stay up-to-date with your personal information. Find out if someone is trying to steal your identity or if there has been any unusual activity such as new credit cards linked to your account without your authorization. Search just about anyone by name. Do all of this and lots more with Spyfly— the cutting edge people search engine that gives you access to millions of public records.
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