Although Michael Bloomberg invested more funds into the campaign than other Democratic aspirant, he has bowed out of the race on Wednesday and in turn endorsing Joe Biden.
Bloomberg exits the race the day after a disappointing showing on Super Tuesday that left him with only a single victory: American Samoa.
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“I’ve always believed that defeating Donald Trump starts with uniting behind the candidate with the best shot to do it. After yesterday’s vote, it is clear that candidate is my friend and a great American, Joe Biden,” he wrote in a press release.
One thing set Bloomberg apart from the rest of the Democratic field: Money. The billionaire spent millions on television and digital ads to propel his campaign and quickly built a staff of more than 2,400 people by offering top dollar to a range of political operatives. The full extent of Bloomberg’s spending likely won’t be fully known for weeks.
Bloomberg’s campaign, based on its level of spending and support, was banking on strong showings in Oklahoma, Arkansas, North Carolina, Tennessee and parts of Texas, according to aides. But it was clear by the end of the night on Tuesday that the support they believed they had did not materialize.
(CNN)
