Cambridge Analytica shutting down, filing for bankruptcy in U.S.

Cambridge Analytica, the political-consulting firm at the center of a data-collection and privacy scandal, said it’s shutting down all operations and has begun insolvency proceedings in the U.K.
The data and advertising firm is also filing for bankruptcy in the U.S., according to a statement on Cambridge Analytica’s website. The company, which did work for U.S. President Donald Trump’s 2016 campaign, said it lost “virtually all” customers and suppliers as a result o