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Mike Bloomberg Suspends Presidential Campaign

On Wednesday, former New York City mayor Mike Bloomberg announced that he is suspending his presidential campaign after terrible results on Super Tuesday, only receiving a handful of delegates after spending $500 million on his campaign in just 16 weeks.

“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,” Bloomberg wrote in a statement.

According to a preliminary analysis of Advertising Analytics data, Bloomberg spent more than $200 million on advertising in the 14 Super Tuesday states, in many states spending more than $100 per vote he received. For example, in Minnesota, where he came in fourth place, Bloomberg spent $13 million and received 62,000 votes, which amounts to $220 per vote. Even though Bloomberg is known to have spent half a billion dollars on his campaign, CNN says that the “full extent of Bloomberg’s spending likely won’t be fully known for weeks.”

President Donald Trump responded to the end of Bloomberg’s campaign on Twitter, writing, “Mini Mike Bloomberg just ‘quit’ the race for President. I could have told him long ago that he didn’t have what it takes, and he would have saved himself a billion dollars, the real cost. Now he will pour money into Sleepy Joe’s campaign, hoping to save face. It won’t work!”