Cambridge Analytica will liquidate existing operations

FILE - In this file photo dated Friday, March 23, 2018, a general view of the building in central London that contains offices of social analysis company Cambridge Analytica. Cambridge Analytica (CA) announced Wednesday May 2, 2018, that it planned to file for bankruptcy in Britain and the U.S., saying negative publicity has driven potential clients away. British authorities have said investigations into CA will continue despite the company is going out of business. (AP Photo/Alastair Grant, FILE)

NEW YORK (AP) — Cambridge Analytica, the beleaguered data collection agency that worked for President Donald Trump's 2016 election campaign, is liquidating existing operations.

The British firm filed for Chapter 7 bankruptcy protection late Thursday. It said in a New York court filing late Thursday that its assets totaled $100,001 to $500,000. Its liabilities are between $1 million and $10 million.

Cambridge Analytica insisted that none of the Facebook data it acquired from an academic researcher was used in the Trump campaign.

Cambridge Analytica will liquidate existing operations

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