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Cambridge Analytica documents for insolvency

Cambridge Analytica, the firm at the focal point of the current year's Facebook security push, petitioned for intentional Chapter 7 liquidation in a New York court late on Thursday.

Cambridge Analytica LLC recorded resources in the scope of $100,001 to $500,000 and liabilities in the scope of $1 million to $10 million. Cambridge Analytica and its British parent SCL Elections Ltd said not long ago that they would close down instantly and start chapter 11 procedures subsequent to misery a sharp drop in business.

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