Cambridge Analytica declares bankruptcy, shuts down

By Kelly Cohen

Published May 2, 2018 2:43pm ET

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Cambridge Analytica declares bankruptcy, shuts down — The verified Twitter Inc. page of Cambridge Analytica, displaying their logo and company name, sit on an Apple Inc. iPhone against a backdrop of the Facebook Inc. sign shown on a computer screen in this arranged photograph in London, U.K. Facebook's co-founder and chief executive officer, Mark Zuckerberg, has been called to appear before a House panel as fallout continues from revelations that Cambridge Analytica had siphoned data from some 50 million Facebook users as it built a election-consulting company that boasted it could sway voters in contests all over the world. | (Luke MacGregor/Bloomberg)

Cambridge Analytica, the political research firm with ties to President Trump’s 2016 campaign, is shutting down.

The company said Wednesday that its parent company, SCL Group, will also be shuttered.

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