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from the but-they-have-created-another-company dept.
"Cambridge Analytica, the marketing research company at the heart of the Facebook data breach, is shutting down, according to reports. Parent company, SCL Group, said it was shutting its U.S. offices during a Wednesday conference call with employees." foxnews.com/tech/2018/05/02/cambridge-analytica-shutting-down-reports-say.html
Cambridge Analytica denied the accusations levied against it by Facebook and others, but said it could not correct the "unfounded accusations," even as it hired Queen's Counsel Julian Malins to conduct an independent investigation into the company's practices surrounding its political activities.
"Despite Cambridge Analytica’s unwavering confidence that its employees have acted ethically and lawfully, which view is now fully supported by Mr. Malins’ report, the siege of media coverage has driven away virtually all of the Company’s customers and suppliers," the company added in the release. "As a result, it has been determined that it is no longer viable to continue operating the business, which left Cambridge Analytica with no realistic alternative to placing the Company into administration."
(Score: 4, Interesting) by Knowledge Troll on Thursday May 03 2018, @02:29PM (4 children)
So just like when a local fast food joint named Food Hole gets shut down for gross sanity violations and 3 months later Food Whole shows up in the same location with the same owners, same policies, and new front line staff.
(Score: 2) by Runaway1956 on Thursday May 03 2018, @03:11PM
3 months later? No, not the same. Close, but not the same. CA didn't have to wait until the doors were locked to start greasing palms. The escape was already planned in detail, all the palms were properly greased in advance, and no one missed a day of work. "Tom, you go over to the new office first thing in the morning. Bob, you stay here for the next two weeks, to tie up loose ends. Both of you give me the list of names that you deem essential until we all get back together in the new office. Keep the list short, then we'll divvy up the nonessential personnel, and start moving them over the next few days. And, Accounting? Ethel, make sure that all employees get a check from the new offices THIS FRIDAY! CA is history! We're closing financial accounts today and tomorrow!"
(Score: 0) by Anonymous Coward on Thursday May 03 2018, @03:43PM
Especially when Food Hole was formed for the express purpose of creating the case for the regulations that shut it down.
(Score: 2) by DeathMonkey on Thursday May 03 2018, @05:57PM (1 child)
Cambridge Anal?
(Score: 2) by JNCF on Thursday May 03 2018, @08:55PM
Cambridge Oralytica.