Its board has appointed lawyers in Britain to oversee the insolvency process, and would be following suit in America, CA added. CA claims it deleted data about Facebook users obtained in breach of the social network's terms of service. "It has been determined that it is no longer viable to continue operating the business," the company, accused of misusing tens of millions of Facebook users' data, said in a statement. Cambridge Analytica (CA), hired by Donald Trump's presidential campaign, said it had been "vilified" in recent months over "numerous unfounded accusations", which had decimated its business. CA claims it deleted data about Facebook users obtained in breach of the social network's terms of service.

Source: Daily Nation May 02, 2018 19:18 UTC