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Cambridge Analytica has lost all its clients and therefore cannot continue in business  Cambridge Analytica has filed for bankruptcy two months after its scandal with Facebook Inc. saying that it cannot continue operations in the UK and US. The London-based political consulting firm had harvested the private information of about 87million users without authorisation, which in fact plunged Facebook Inc. and the consulting into crises. Regulators and US lawmakers were compelled to open an investigation into both firms. However, while Facebook the firm which should suffer the more became more productive after the drilling by the US lawmakers, the same cannot be said of the political consulting firm.  In a statement on its website, it had blamed the media for its setback, forcing it to file for bankruptcy. The part of the statement read: " Despite Cambridge Analyrica"s unwavering confidence that its employees have acted ethically and lawfully, which view is now fully supported by...

Diaspora and International investors, Communications and Technology experts and other business leaders are to participate in a two-day summit in central London between May 10 and 11 as part of an ambitious drive to attract investments into Nigeria and to get Diasporans involved in the Communications and IT industry. Organised by the Nigerian Diaspora Direct Investment Summit (NDDIS), the event is designed to expose Diasporans and other international investors to the opportunities available within Nigeria"s communications and IT sector. At the event, communications Minister Dr. Adebayo Shittu along with the heads of several parastatals under his ministry will outline areas of potential investment opportunities including mobile phones, Internet penetration and satellite television. The summit will focus on ICT on Education, Agriculture, Health and Business sectors. Expected to attract a lot of potential investors, the summit will also include I...

Recently, Facebook has been in the news for exploiting users" data without permission. A few days ago some privacy campaigners accused the social media of breaching data protection law. While the new rule by the legislation is yet to come into force, Facebook is under fire for aiding Donald Trump"s 2016 election campaign. The London-based firm, Cambridge Analytica is accused of breaching data rights by inappropriately collecting personal data of about 50million users on Facebook to influence the US election in 2016.  Political figures in the UK, Europe, and the US have requested that Facebook gives a vivid explanation on how the data on numerous users was produced. Both firms have denied any wrong-doing. Facebook says it will investigate Cambridge Analytica"s pages on its platform to determine how the data of millions of millions of users was harvested if they had been gathered unjustly and were still handy. Given this, the social media firm says it has hired a digital f...