Former Mayor Mike Bloomberg wasted at least $600 million on his failed presidential campaign that ended after a mere 101 days.
The former New York City mayor announced his decision to drop out of the Democratic 2020 presidential primary Wednesday morning, after performing badly in the Super Tuesday primaries.
“I’m a believer in using data to inform decisions,” Bloomberg wrote in a statement. “After yesterday’s results, the delegate math has become virtually impossible.”
Bloomberg bet that massive advertising in the 14 Super Tuesday states would help him win enough delegates to propel him to the Democrat nomination. He spent $528 million just on advertising, according to reports, with millions more on staff and organization. Axios reports that Bloomberg spent $600 million on his campaign, most of it his own money.
Congress fails to save Obamacare subsidies after shutdown fight, premiums set to surge
Former GOP Sen Jon Kyl announces dementia diagnosis, steps away from public life
Mamdani picks educator who worked to dismantle Gifted & Talented program as NYC schools chancellor
Former Colorado Sen. Ben Nighthorse Campbell dead at 92
Democrat Renee Hardman wins Iowa Senate special election, denying GOP supermajority
Missing elderly person found in bitter cold woods after police deploy thermal imaging drone
DHS reviews citizenship cases from Somalia, other high risk countries for possible fraud
Judge suggests DOJ leadership pushed for Kilmar Abrego Garcia prosecution
Florida firefighters allegedly waterboarded, whipped rookie over TikTok video as 4 face criminal charges
Bear remains under California home after weeks of failed removal attempts
Wild video shows speeding car going airborne, ejects driver into backyard pool
Mainstream Media Reporter Slammed for Insane Suggestion About Somali Day Care Owners Turning to Violence
SEE IT: Daycare center at heart of Minnesota fraud investigation fixes sign after viral mockery
Shirley associate in viral video says he filed criminal complaint against Walz over daycare fraud allegations
Mamdani taps controversial lawyer who defended al Qaeda terrorist for top role: ‘Powerful advocate’
The billionaire, who was repeatedly taunted by President Donald Trump for being short and uncharismatic, did not win a single state’s primary but did win American Samoa.
Bloomberg spent more than any other failed Democrat presidential candidate, including billionaire self-funder Tom Steyer, who wasted $252 million on his now-defunct campaign. Sen. Kamala Harris (D-CA) spent over $25 million on her failed presidential campaign and former Congressman Beto O’Rourke (D-TX) spent about $14 million on his attempt to win the presidency. Sen. Cory Booker (D-NJ) wasted over $14 million and Sen. Amy Klobuchar wasted over $30 million.
Story cited here.
