A laptop showing the Facebook logo is held alongside a Cambridge Analytica sign at the entrance to the building housing the offices of Cambridge Analytica, in central London. (Daniel LEAL-OLIVAS/AFP) LONDON: Cambridge Analytica, the British marketing analytics firm, announced on Wednesday (May 2) that it was closing and would file for insolvency in Britain and the United States after failing to recover from the Facebook data scandal. The decision follows weeks of intense pressure on the company, hired by Donald Trump's presidential campaign, after allegations emerged it may have hijacked up to 87 million Facebook users' data. It claimed it has been "vilified" by the "numerous unfounded accusations" which torpedoed its business and left the firm with "no realistic alternative" but to go into administration. "Despite Cambridge Analytica's unwavering confidence that its employees have acted ethically and lawfully ... the siege of media coverage has driven away virtually all of the … [Read more...] about Cambridge Analytica to close after Facebook data scandal