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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: 2) by canopic jug on Thursday May 03 2018, @02:53PM (1 child)
Already happened. The new company is called Emerdata.
The Register covered it a bit yesterday in Cambridge Analytica dismantled for good? Nope: It just changed its name to Emerdata [theregister.co.uk]. The snake just sloughs off old skin. Sometimes it's enough to change the company name, other times they have to spin up a whole new company. Something about that needds to be revised because it is so extensively abused.
Money is not free speech. Elections should not be auctions.
(Score: 2) by PiMuNu on Friday May 04 2018, @01:06PM
> Something about that needs to be revised because it is so extensively abused.
Well, the people running the company have not done anything legally wrong. So why should the board of that company, who have not broken any laws, not be allowed to start a new company?