The firm said its employees had acted "ethically and lawfully" but "the siege of media coverage has driven away virtually all of the company's customers and suppliers".
It added: "As a result, 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". The elections division of Cambridge's British affiliate, SCL Group, will also shut down. This information was used to enable Donald Trump's campaign in the 2016 presidential election.
In the past, Cambridge Analytica responses have been "cryptic and evasive", according to the government.
Almost a quarter of Pennsylvania residents had their Facebook data shared with Cambridge Analytica and other third parties, the state Attorney General's Office said Thursday.
After halting app reviews in the aftermath of the Cambridge Analytica crisis, Facebook reopened app reviews for Instant Games and Messenger apps on April 18.
Newsweek reported a separate filing that Emerdata later registered a change of address with Companies House on February 13. But the larger lesson of the scandal that brought down one of President Trump's campaign vendors is that politics and data are now inextricably linked - with or without Cambridge Analytica in the picture. Facebook will however still provide the apps and websites with aggregated analytics - for example, "We can build reports when we're sending this information so we can tell developers if their apps are more popular with men or women in a certain age group". Julian Wheatland is an Emerdata director who is also a director within the SCL network of organizations.Daughters of businessman Robert Mercer, who founded Cambridge Analytica, Jennifer and Rebekah Mercer are directors of Emerdata, the report said.
In a third case, past year Target settled a complaint filed by Pennsylvania and 45 other states over a data breach that impacted 1.6 million customer transactions in Pennsylvania. Some vowed to boycott the conference, according to the New York Times; others planned to confront executives about policy changes that make it harder for developers to access data about Facebook users.
The other social media sites like Instagram and Twitter has included the feature for their users. That very day Cambridge Analytica's former chief data officer Alexander Tayler replaced Nix as Emerdata's new director.
Concerns have been raised over two London-registered operations, Firecrest Technologies Ltd and its parent, Emerdata Ltd., to which Cambridge Analytica may migrate their operations.
"We need to get to the bottom of how personal data is used to target the public and target individuals", Ms Denham said.