Turns out half a billion dollars can’t get you very far in the Democratic primary, at least if you’re Mike Bloomberg in 2020.
The billionaire businessman, philanthropist, and former New York City mayor pumped hundreds of millions of dollars into television, radio, and digital ads to propel his campaign. He hired more than 2,000 staffers across 43 states after launching his presidential bid in November 2020. His bet: All that money would translate into big wins on Super Tuesday and beyond. But it appears not to be the case — on Tuesday, Bloomberg sort of crashed and burned, or at the very least picked up fewer votes and delegates than he might have hoped. He dropped out of the race the next day.
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