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British company Cambridge Analytica, which is at the center of a Facebook scandal, has announced that it has begun insolvency proceedings and "stops all its operations immediately," says Bgnes.
"Cambridge Analytica and SCL have begun a bankruptcy procedure in the UK," the company said in a statement released on its website. The company's bankruptcy procedure will soon be launched in the United States.
The company was accused of collecting and using personal data without the permission of 90 million Facebook users. The British company then worked for the current US presidential election campaign, Donald Trump.
The Legal Affairs Committee in the Bulgarian National Assembly voted with 22 votes in favor of halting the procedure for electing the next Prosecutor General
The bomb threat email that was sent to dozens of schools early this morning has been analyzed by the Ministry of the Interior, concluding that there is no real threat and the school process should not be suspended
The US state of California has been investigating the Internet giant Facebook for a year and a half, it became clear today, writes Reuters.
Facebook has agreed to pay a fine of £ 500,000 for breaches of personal data protection law related to the unauthorized use of such data by Cambridge Analytica.
When Congress returns Monday from a two-week recess, all eyes will be on Facebook CEO Mark Zuckerberg as he takes the hot seat in two congressional hearings over the latest privacy scandal involving Cambridge Analytica, reported CNN.
Facebook is changing the way its shares data with third-party applications, Mark Zuckerberg announced Wednesday in his first public statement since the Observer reported that the personal data of about 50 million Americans had been harvested and improperl
The Bulgarian capital welcomed senior representatives of the Australian Business in Europe (ABIE) network for a two-day high-level programme
According to the European Commission's Spring 2025 Economic Forecast, Bulgaria’s economy is projected to grow at a slower pace
Economist Georgi Stoev has launched a personal awareness campaign on social media to address concerns about the euro introduction in Bulgaria
Ukrainian Railways (Укрзалізниця), the state-owned railway company of Ukraine, has secured a deal to acquire 10 battery-powered locomotives from the Bulgarian manufacturer Express Service
Bulgaria’s transition to the euro raises many questions about how loans and payments will be handled
Westinghouse Electric Company has strengthened its Bulgarian supply chain for the Kozloduy AP1000® project, signing memoranda of understanding with seven Bulgarian companie
Google Street View Cars Return to Bulgaria for Major Mapping Update
Housing Prices Soar in Bulgaria’s Major Cities as Demand and Supply Strain Increase
