FIRST AIRED: May 3, 2018

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00:00:00
>> Controversial consulting firm Cambridge Analytica is closing down following a massive scandal over its mining of Facebook profile data during the 2016 elections. The company said both Cambridge Analytica and its parent, SCL Elections, will cease all operations immediately with bankruptcy proceedings to begin soon. The company became the center of a global fire storm in recent months after it was revealed Cambridge had improperly accessed the data of 87 million Facebook users while working for President Donald Trump's 2016 campaign.
00:00:34
John Whitesides is on the story.>> Well, Cambridge Analytica has come up in discussions of what Russia might or might not have done to help the Trump campaign in 2016, given that they were working with the Trump campaign. But there are still unanswered questions about whether Russian intelligence had any access to Cambridge Analytica's data.
00:00:56
Robert Mueller has asked for documents from Cambridge Analytica as he looks into questions about whether the trump campaign colluded with the Russians or had contacts with the Russians to influence the outcome in any way.>> The scandal proved hugely embarrassing for Facebook. Its founder Mark Zuckerberg hauled before Congress to explain the massive breach of privacy.
00:01:22
He swore to lawmakers the company would take steps to make sure it never happened again.>> We have made and are continuing to make changes.>> Cambridge said it had been losing clients and facing mounting legal fees in the fallout from the scandal.