Palantir Stock Jumps After Strong Q4 Earnings Beat and Upbeat 2026 Revenue Forecast 
Jensen Huang Urges Taiwan Suppliers to Boost AI Chip Production Amid Surging Demand 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Elon Musk’s SpaceX Acquires xAI in Historic Deal Uniting Space and Artificial Intelligence 
SpaceX Updates Starlink Privacy Policy to Allow AI Training as xAI Merger Talks and IPO Loom 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Sam Altman Reaffirms OpenAI’s Long-Term Commitment to NVIDIA Amid Chip Report 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Oracle Plans $45–$50 Billion Funding Push in 2026 to Expand Cloud and AI Infrastructure 
Instagram Outage Disrupts Thousands of U.S. Users 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
The Cambridge Analytica scandal was a doozy for the tech industry, with Facebook getting the brunt of the criticisms of the incident. However, while the social network seems to have just shrugged the issue off, the British data analytics firm just announced that it was shutting down. It’s now closing its offices in the UK and is insolvent.
According to a press release, the firm is filing bankruptcy because it lost pretty much all of its customers and suppliers. While Cambridge Analytica has denied that it did anything wrong, the matter still cost it everything.
"Over the past several months, Cambridge Analytica has been the subject of numerous unfounded accusations and, despite the company’s efforts to correct the record, has been vilified for activities that are not only legal, but also widely accepted as a standard component of online advertising in both the political and commercial arenas," the company notes in the statement. "It has been determined that it is no longer viable to continue operating the business, which left Cambridge Analytica with no realistic alternative to placing the company into administration."
Aside from the main offices of the firm in the UK, it seems this decision also affects the US company SCL Defense, The Wall Street Journal reports. It is also closing now along with Cambridge Analytica the founder of SCL Group, Nigel Oakes confirmed to the publication.
In the wake of the attention that the inquisition against Facebook, it can often be difficult to remember that there are other parties involved in this situation. These parties also suffer the consequences of using the stolen data of over 87 million users to help get Donald Trump get elected president.
So far, only the analytics firm seems to have suffered actual financial and concrete consequences over the situation. With Facebook recently holding its F8 conference, featuring a smiling Mark Zuckerberg striding onstage, it seems the social network is not even giving the matter any thought.
