PRESS RELEASE: Cambridge Analytica and Scl Elections Commence Insolvency Proceedings and Release Results of Independent Investigation into Recent Allegations

Cambridge Analytica and Scl Elections Commence Insolvency Proceedings and Release Results of Independent Investigation into Recent Allegations

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Cambridge Analytica and Scl Elections Commence Insolvency Proceedings an…

London, UK – May 2, 2018—Earlier today, SCL Elections Ltd,, as well as certain of its and Cambridge Analytica LL…
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London, UK – May 2, 2018—Earlier today, SCL Elections Ltd., as well as certain of its and Cambridge Analytica LLC’s U.K. affiliates (collectively, the “Company” or “Cambridge Analytica”) filed applications to commence insolvency proceedings in the U.K.  The Company is immediately ceasing all operations and the boards have applied to appoint insolvency practitioners Crowe Clark Whitehill LLP to act as the independent administrator for Cambridge Analytica.

Additionally, parallel bankruptcy proceedings will soon be commenced on behalf of Cambridge Analytica LLC and certain of the Company’s U.S. affiliates in the United States Bankruptcy Court for the Southern District of New York.  

Over the past several months, Cambridge Analytica has been the subject of numerous unfounded accusations and, despite the Company’s efforts to correct the record, has been vilified for activities that are not only legal, but also widely accepted as a standard component of online advertising in both the political and commercial arenas…..”

Cambridge Analytica Closing Operations Following Facebook Data Controversy

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Cambridge Analytica Closing Operations Following Facebook Data Controversy

Rebecca Ballhaus and Jenny Gross

Cambridge Analytica, a data firm that worked for President Donald Trump’s 2016 campaign, is shutting down follow…
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“The Key to Understanding Facebook’s Current CrisisFacebook’s current data crisis involving Cambridge Analytica has angered users and prompted government investigations. To understand what’s happening now, you have to look back at Facebook’s old policies from 2007 to 2014. WSJ’s Shelby Holliday explains. Illustration: Laura Kammerman…”

From this mix, might several enterprises be the ones to bear the brunt of the years allegedly depicted to “have been open policy for harvesting the platforms”? While playing spectator to CA LLCs woes and investigations, even local startups and developers (perhaps even major enterprises) in Africa require introspection considering the thriving tech ecosystem during those years, excitedly greatly reliant on the then well established platforms.
Perhaps who is folding (being folded) up next? Is there opportunity to roll back, make good and not necessarily kill the ventures as the platforms tower on? For those keen on African enterprise, good questions they are as hardly is there local ventures that would have the it to battle their way.
Be blessed.
Regards/Wangari

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