Cambridge Analytica shuts down, Tesla posts Q1 earningsToday's major tech stories include Cambridge Analytica closing down, Tesla posting first-quarter earnings and Hulu's new offline viewing feature.
This is CNET and here are the stories that matter right now. Cambridge Analytica, the political consulting firm at the center of the recent Facebook privacy scandal is closing it's doors. The company confirmed it was shutting down and reports suggests mounting legal bills and fleeing clientele contributed to the closure. Facebook banned the firm earlier in 2018 after alleging it improperly acquired data for 87 million user profiles and used it for targeted political ads on the social platform. Tesla released an investor letter outlining its first quarter performance for 2018. The company is still burning cash, but it didn't spend as much as market analysts thought it would. In addition, it's still behind in Model 3 production, but Tesla says it plans to hit its 5,000 a week production target by the end of Q2. The company believes if it can hit that goal, it will start turning a profit later this year. Hulu announced it would begin supporting offline viewing of its content. In a presentation to advertisers, Hulu noted it would be the first streaming service with offline downloads that also include commercials. Users subscribing on the $7.99 a month ad supported plan will see some ad supported content, while users on the ad free $12.99 a month tier will not Hulu says the feature will be available starting now, through the summer of 2019. [MUSIC] Stay up to date with the latest by downloading the CNET Tech Today app in the Apple or Google Play stores.