Emerdata Limited: Difference between revisions
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'''Emerdata Limited''' is a |
'''Emerdata Limited''' is a company formed after filing of bankrupcy and dissolution of [[Cambridge Analytica]]. Former employees of Cambridge Analytica and SCL moved to successor firms, the companies were fully acquired by holding company Emerdata Limited. Emerdata Limited has not acquired [[SCL Insight Limited]], another legal entity owned by Nigel Oakes, an [[SCL Group]] co-founder. [[Julian Wheatland]], the former CEO of Cambridge Analytica and former director of a number of SCL-connected firms, is a shareholder and former director of Emerdata Limited. The company is partially owned by [[Rebekah Mercer]]. The remaining fifth of Emerdata’s shares are owned by several prior SCL Group investors and a number of Hong Kong-based [[shell companies]]. Two other former Cambridge Analytica chief executive officers, [[Alexander Nix]] and [[Alexander Tayler]], were also for a time listed as Emerdata directors, and have also since resigned. The last known director was Jacquelyn James-Varga. The [[Federal Trade Commission]] has imposed to sue Cambridge Analytica after misusing data scraped from 87 million unwitting social media users. The company was soon acquired by Emerdata Limited after the news on [[misappropriation]] of [[digital assets]] was publicized.<ref>{{Cite news|url=https://www.fastcompany.com/90381366/the-mysterious-afterlife-of-cambridge-analytica-and-its-trove-of-data|title=The strange afterlife of Cambridge Analytica and the mysterious fate of its data|date=26 July 2018|work=Fast Company|access-date=16 November 2019|language=en-GB}}</ref> |
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==Liability== |
==Liability== |
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Revision as of 17:18, 16 November 2019
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Emerdata Limited is a company formed after filing of bankrupcy and dissolution of Cambridge Analytica. Former employees of Cambridge Analytica and SCL moved to successor firms, the companies were fully acquired by holding company Emerdata Limited. Emerdata Limited has not acquired SCL Insight Limited, another legal entity owned by Nigel Oakes, an SCL Group co-founder. Julian Wheatland, the former CEO of Cambridge Analytica and former director of a number of SCL-connected firms, is a shareholder and former director of Emerdata Limited. The company is partially owned by Rebekah Mercer. The remaining fifth of Emerdata’s shares are owned by several prior SCL Group investors and a number of Hong Kong-based shell companies. Two other former Cambridge Analytica chief executive officers, Alexander Nix and Alexander Tayler, were also for a time listed as Emerdata directors, and have also since resigned. The last known director was Jacquelyn James-Varga. The Federal Trade Commission has imposed to sue Cambridge Analytica after misusing data scraped from 87 million unwitting social media users. The company was soon acquired by Emerdata Limited after the news on misappropriation of digital assets was publicized.[1]
Liability
The administrators of Emerdata Limited have been accused of misleading a judge according to the High Court of England.[2] Investors who backed a rebranding of Cambridge Analytica are in a stand-off with former chief executive Alexander Nix after he allegedly withdrew more than $8 million from the scandal-hit data firm shortly before it collapsed. The rebranded Emerdata Limited and a related company, SCL Group, had raised $19 million from powerful international investors in January to expand the company’s services and bid for more commercial work.[3]
References
- ^ "The strange afterlife of Cambridge Analytica and the mysterious fate of its data". Fast Company. 26 July 2018. Retrieved 16 November 2019.
- ^ "Cambridge Analytica's administrators misled judge, High Court told". The Register. 7 December 2018. Retrieved 16 November 2019.
- ^ "Cambridge Analytica chief accused of taking $8m before collapse". The Irish Times. 5 June 2018. Retrieved 16 November 2019.
Emerdata Limited
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