May 2, 2018 / 6:07 PM / 5 months ago

BRIEF-Cambridge Analytica Closing Operations Following Facebook Data Controversy - WSJ

May 2 (Reuters) -

* CAMBRIDGE ANALYTICA CLOSING OPERATIONS FOLLOWING FACEBOOK DATA CONTROVERSY - WSJ

* NIGEL OAKES, THE FOUNDER OF SCL GROUP, CAMBRIDGE ANALYTICA'S BRITISH AFFILIATE, CONFIRMED THAT BOTH COMPANIES WERE CLOSING DOWN - WSJ

* CAMBRIDGE ANALYTICA DECIDED TO CLOSE ITS DOORS BECAUSE IT WAS LOSING CLIENTS AND FACING MOUNTING LEGAL FEES IN THE FACEBOOK INVESTIGATION - WSJ

* CAMBRIDGE ANALYTICA IS SHUTTING DOWN EFFECTIVE WEDNESDAY AND EMPLOYEES HAVE BEEN TOLD TO TURN IN THEIR COMPUTERS - WSJ Source: on.wsj.com/2w3CDiw Further company coverage:

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