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Cambridge Analytica: Magical Rise, Disastrous Fall

In: Connected Business

Author

Listed:
  • Raphael Bömelburg

    (University of St. Gallen)

  • Oliver Gassmann

    (University of St. Gallen)

Abstract

This article documents the rise and fall of Cambridge Analytica, one of the most controversially and frequently discussed companies in the political space. It showcases how the ingredients for its considerable impact both in the 2016 US presidential election and the Brexit referendum came together in the form of technological developments, the socio-political environment, and specific company assets, such as its proprietary dataset and microtargeting method. It further outlines the backlash in public opinion that ultimately brought about the company’s downfall. When Facebook CEO Mark Zuckerberg testified in front of the Congress the disposal of millions of accounts to Cambridge Analytica, the ploy was uncovered and led to the demise of the company, leading to a new era of data protection and renewed public mistrust toward data security.

Suggested Citation

  • Raphael Bömelburg & Oliver Gassmann, 2021. "Cambridge Analytica: Magical Rise, Disastrous Fall," Springer Books, in: Oliver Gassmann & Fabrizio Ferrandina (ed.), Connected Business, pages 387-396, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-76897-3_28
    DOI: 10.1007/978-3-030-76897-3_28
    as

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