Cambridge Analytica, overwhelmed by a scandal over how it harvested data from Facebook to influence the last U.S. election, filed for bankruptcy in New York, Bloomberg News reported. The U.K.-based political consulting firm had already said it would cease operations and wind down in its home country and the chapter 7 petition in New York will address issues raised by U.S. creditors. The filing listed estimated liabilities of $1 million to $10 million.
