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5/2, 8:18 PM (Source: TeleTrader.com)
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C.Analytica shutting down over data misuse scandal - report

British firm Cambridge Analytica is shutting down amid an ongoing Facebook private data misuse scandal, media reported on Wednesday. According to several articles, the firm has been losing multiple clients after the data breach incident and decided to first halt its United States operations.However, the Wall Street Journal later reported the company was closing down all its divisions.

Earlier, Cambridge Analytica was at the center of the ongoing data breach scandal affected the personal information of 87 million Facebook users and forced social media giant's CEO Mark Zuckerberg to testify before Congress.

The company later suspended its CEO Alexander Nix and launched an internal investigation into the ordeal. Meanwhile, United Kingdom's authorities also raided Cambridge Analytica's offices located in the British capital.

Breaking the News / VK