After a disappointing showing in the Super Tuesday primaries, billionaire Democratic candidate Michael Bloomberg is dropping out of the race and endorsing Joe Biden.
Biden and Bernie Sanders cemented their positions as the front-runners yesterday which caused the former New York mayor to reassess his campaign which had spent $560 million in ad spending. Bloomberg said in an Email to his team, “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.” (Buzzfeed)
Hot Takes:
- Bloomberg got into the race late, had poor debate performances, and failed to connect with a lot of people.
- Don’t expect him to close his wallet just yet. He’ll likely continue to shell out big bucks to support Biden’s campaign.
- We now wait to see what Elizabeth Warren decides to do moving forward.
