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Bloomberg drops out of presidential race
2020-03-04

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Michael Bloomberg suspended his presidential campaign March 4 after failing to persuade Democratic voters he was the best choice to defeat President Donald Trump despite record spending that topped $500 million, according to Bloomberg. ( Bloomberg is the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News. )

Bloomberg had staked his candidacy on gaining a critical mass of delegates on Super Tuesday ( March 3 ) and subsequent races. However, the only race he won was the caucus in American Samoa.

Bloomberg released a statement saying he would be leaving the race and endorsing Joe Biden, according to CBS News.


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