Cambridge Analytica inquiry to continue after collapse

Cambridge Analytica inquiry to continue after collapse

Allegations of the improper use of data for 87 million Facebook users by Cambridge Analytica, which was hired by President Donald Trump's 2016 U.S. election campaign, has hurt the shares of the world's biggest social network and prompted multiple official investigations in the United States and Europe.

Information Commissioner Elizabeth Denham said she had the power to fine directors and get them banned from running other companies. But a former employee turned whistleblower, Christopher Wylie, alleged this year that the data analysis firm continued to rely on Facebook information despite assuring otherwise. Facebook has over 20 crore users in India.

Cambridge Analytica said Wednesday it will cease all operations immediately.

"The siege of media coverage has driven away virtually all of the Company's customers and suppliers", the statement said.

According to Facebook, Kogan told them that the information gathered from the app would be used for academic purposes, but it was instead given to Cambridge Analytica - in violation of platform policy.

The chair of a UK Parliament committee investigating the firm's activities also raised concerns about CA and SCL Elections' move to shut down. As of 2017, the average number of "friends" for every profile was 338 people (median at 200); given the number of people who directly accessed the app is anywhere from 185,000 to 300,000 we have an enormous amount of potentially affected people.

It would be impossible to ever estimate how successful Cambridge Analytica, SCL Elections, and Global Science Research were at converting masses of data into votes; however, these events show us some of the more unsafe effects of powerful computing technology we have developed.

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The two women are daughters of the hedge fund billionaire Robert Mercer, who is reported to have been one of Cambridge Analytica's major investors. Additionally, parallel bankruptcy proceedings will soon be commenced on behalf of Cambridge Analytica and certain of the Company's USA affiliates in the United States Bankruptcy Court for the Southern District of NY.

And the contact address given for Rebekah Mercer is the same location as Cambridge Analytica's NY operation.

"The investigations into their work are vital", Collins said.

Cambridge Analytica used this and other data - collected from data brokers and other sources - to fuel its Project Ripon, an effort to win Republican races that was named for the birthplace of the party, Ripon, Wisconsin. Cambridge Analytica sought information on Facebook to build psychological profiles on a large portion of the United States electorate.

The company at the centre of Facebook Inc.'s recent privacy scandal is shutting down.

The ousted Cambridge Analytica's CEO, Alexander Nix was listed as a director of Emerdata in February, until the firm chose to severe ties with him in March.

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