Cambridge Analytica Liquidates Assets, Tells Staff to Vacate London Office - News Summed Up

Cambridge Analytica Liquidates Assets, Tells Staff to Vacate London Office


LONDON—Cambridge Analytica LLC, the firm at the heart of Facebook Inc.’s data scandal, is liquidating assets and has asked workers to vacate its London office. Crowe Clark Whitehill LLP, the administrator for the firm, said it marketed Cambridge Analytica’s business assets to potential buyers to stave off liquidation, but no acceptable offers were made. It said because of that, it has terminated employment contracts of U.K. staff Tuesday.


Source: Wall Street Journal May 22, 2018 17:26 UTC



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