Cambridge Analytica declared bankruptcy on Friday, sharing that it would shutter most of its operations because “the siege of media coverage has driven away virtually all of the Company's customers and suppliers.” The announcement was a major, though unsurprising, development in the saga surrounding Facebook and the voter-targeting firm, a relationship that has led to congressional hearings, a federal investigation, and a public debate about the data collection that undergirds the business model of so much of today's internet—that your email and social networks and music and maps are all free, as long as you give up your personal data in return.
It's been nearly two months since the story that Cambridge Analytica had inappropriately accessed the data of as many as 87 million Facebook users began to saturate headlines, so let's review what's changed: Though Cambridge Analytica is in the process of shutting down, its investors and executives aren't getting out of the elections business.
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