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posted by janrinok on Thursday May 03 2018, @01:53PM   Printer-friendly
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."


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  • (Score: 0) by Anonymous Coward on Thursday May 03 2018, @05:47PM (1 child)

    by Anonymous Coward on Thursday May 03 2018, @05:47PM (#675177)

    Right. The key point here is that, at least with regards to their data processing, they were probably within the law. Legally this company can exist and make money. The issue is the branding, so it makes sense that they'd change it.

    Even if you barred all the current employees from working for similar companies, those companies would still exist and would have a nice market hole to fill into. If you want to fix the problem you need to do something other than public lynching of a single company.

  • (Score: 0) by Anonymous Coward on Friday May 04 2018, @02:52AM

    by Anonymous Coward on Friday May 04 2018, @02:52AM (#675453)

    Butbutbut, how will we violate the cows' privacy, then? No, this is the way to go. Nominate a scapegoat, lynch them, and the cows will settle back in. Then we can get back to turning Facebook into a mass surveillance and propaganda tool.

    Oh, and make sure that Zuckerfuck knows that he can't ever fuck this up for us.

    Now I'm hungry for burgers.