Cambridge Analytica's CEO allegedly took $8 million from the firm before its closure

Former Cambridge Analytica CEO Alexander Nix allegedly withdrew more than $8 million from the British data firm before its collapse last month.The Financial Times, citing sources, reported that Nix took the cash shortly after media reports of Cambridge Analytica’s involvement in the Facebook data scandal.He is now in dispute with investors over returning the money, which was reportedly intended to help get successor data firm, Emerdata, off the ground.Nix told British lawmakers on Wednesday that the allegation in the FT article was “false.” …read more

Source:: Yahoo Finance

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