The company claimed its business had been ruined by "numerous unfounded accusations" which rendered operating the business "no longer viable."
Cambridge Analytica, the UK marketing analytics firm at the heart of the Facebook data scandal, announced Wednesday it was "immediately ceasing all operations" and filing for insolvency in Britain and the United States.
The academic behind the app that allowed consulting firm Cambridge Analytica to farm the data of some 87 million Facebook users said Monday he was being scapegoated while the social network was being "mined left and right by thousands" of companies.
Facebook Inc Chief Executive Mark Zuckerberg on Wednesday told lawmakers that his own personal data was included in that of 87 million or so Facebook users that was improperly shared with political consultancy Cambridge Analytica.
Facebook Inc Chief Executive Mark Zuckerberg started testifying before Congress on Tuesday as he looks to fend off the possibility of new regulations as a result of the privacy scandal engulfing his social network.
Facebook chief executive Mark Zuckerberg will testify in Congress next week over the hijacking of users' personal data by political consultancy Cambridge Analytica, a House committee announced Wednesday.
Facebook boss Mark Zuckerberg will not answer questions from British lawmakers over how millions of users' data got into the hands of political consultancy Cambridge Analytica, according to a letter sent by the social network seen by Reuters.
Facebook Chief Executive Mark Zuckerberg apologised to Britons on Sunday over a "breach of trust", taking out full page advertisements in British newspapers after a political consultancy got its hands on data on 50 million users.
The London-based political consultancy has been at the centre of a storm this week after a whistleblower said the company had paid an academic to harvest the data of 50 million Facebook users.
India is due to hold a national election in 2019 and several states will elect new assemblies this year and next.
James Anderson recorded his best Test figures at Headingley as Sri Lanka were made to follow-on on the second day of the first Test against England yesterday.