Cambridge Analytica inquiry to continue after collapse

New Review for Third-Party Apps on Facebook

Nix was suspended by Cambridge Analytica's board after Britain's Channel 4 published an undercover camera investigation in which he was caught discussing dirty election tricks like using sex workers to seduce and then blackmail candidates.

In 2014, Cambridge Analytica gained access to the Facebook data of tens of millions of people using a technique widely used during that era to collect information on Facebook users. That probe, which involves as many as 30 other companies, goes on. "Despite the company's precarious financial condition, Cambridge Analytica intends to fully meet its obligations to its employees, including with respect to notice periods, severance terms, and redundancy entitlements". CA's British parent company, SCL Elections Ltd., will also be closing its doors after suffering a major loss in business, in the aftermath of the data scandal. Other Emerdata directors include people associated with Cambridge Analytica. Media reports suggest that the firm could re-emerge under a new name. "They are party to very serious investigations and those investigations can not be impeded by the closure of these companies", said MP Damian Collins.

Absolutely not, say British authorities. Reacting to the news, senior IT Ministry officials in New Delhi said the Indian Government will continue with its enquiry into the Cambridge Analytica data leak issue.

In a statement on Wednesday, Facebook said: "This doesn't change our commitment and determination to understand exactly what happened and make sure it doesn't happen again".

While individuals and businesses are typically required to preserve evidence for known investigations, it's not clear how this will work if a company is insolvent.

Facebook has informed the government that "only 335 people" in India were directly affected through the installation of an app and another 562,120 people were "potentially affected" as friends of those users.

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It doesn't appear the closure would directly affect the parent company, SCL Group, making it more hard to get rid of evidence on insolvency grounds.

This week, one of the third-party developers, Cambridge Analytica, announced it will shut down and enter bankruptcy proceedings in the United Kingdom.

Zuckerberg testified before the Senate Judiciary and Commerce Committees in April.

Revelations about the misuse of data, plunged Facebook into crisis and prompted regulators to open investigations.

In March, Shapiro led a coalition of attorneys general in sending a letter demanding answers from Facebook CEO Mark Zuckerberg about the company's business practices and privacy protections.

Collins also said there was no precedent for a senior executive refusing a summons, adding that even Rupert and James Murdoch chose to appear during an investigation into phone hacking. Facebook and Dr. Kogan had a close relationship, with Facebook sharing aggregate user data to feed into GSR models.

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