After becoming the center of a scandal that led to a federal inquiry, Cambridge Analytica and its UK counterpart SCL Elections are closing and filing for bankruptcy. Employees received word today the company was closing, effective immediately. Cambridge Analytica and its UK counterpart called employees and released a statement today confirming the company was “immediately ceasing all operations” after having been “the subject of numerous unfounded accusations.” It wasn’t a crisis of conscience that brought about the company closure, though. According to the Wall Street Journal, the company had been bleeding clients in recent months. The company’s press release implied it…
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