Bloomberg ends US presidential campaign

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Bloomberg ends US presidential campaign
After spending millions by himself campaign, Michael Bloomberg is dropping out of your 2020 presidential race.

"Three months ago, I entered the race for president to defeat Donald Trump. Today, I am leaving the race for the same reason," he said in a statement.

Mr Bloomberg, a former mayor of New York City, spent at least $409m (£313m) of his own money in the race to become the Democratic Party's nominee.

He said he'd now support former Vice-President Joe Biden.

"I've always believed that defeating Donald Trump starts with uniting behind the prospect with the very best shot to accomplish it. After yesterday's vote, it is clear that prospect is my friend and a great American, Joe Biden," Mr Bloomberg said in his statement.

He spent $409m up to the end of January, according to filings with the Federal Election Commission, but is thought to also have spent heavily during February before Super Tuesday.

Out from the 14 states and territories which voted on Tuesday, the billionaire only were able to win in American Samoa.

Joe Biden won 10 of the states, a exceptional rebound for his campaign.

The former US vice-president overturned predictions to narrowly take the key state of Texas from his main challenger, Bernie Sanders.

However, Mr Sanders is projected to win California - the largest prize of the night time - as well as three other states.

They lead the race to handle Republican President Donald Trump in November.

Where did it fail?
Michael Bloomberg's unconventional presidential campaign strategy of skipping the first states and spending heavily on Super Tuesday just ran head-first into cold, hard reality.

Key takeaways:

1) While most of the prospects in the race were liked by Democrats, Bloomberg was underwater. In Virginia, for example, 56% of primary voters viewed him unfavourably. Vast sums of dollars in slick tv adverts and glossy mailers won't do worthwhile if voters don't trust you.

2) Bloomberg spent $34m in television set and radio advertisements in Alabama, North Carolina and Virginia, while Biden spent a fraction of this amount - and won all three. The first warning signs - empty campaign offices, sparsely attended voter canvassing events - ended up being harbingers of doom.

3) He was surging in the polls simply a few weeks ago. Then the NEVADA debate, and his evisceration at the hands of Elizabeth Warren, happened. Even though many of the debates this campaign experienced negligible effects, that one mattered.

What goes on with the Democratic race now?
Super Tuesday awards more than 1,300 of the 1,991 delegates had a need to win the Democratic White House nomination in July.

As things stand, Mr Biden is in the lead, though full results from California, which has 415 delegates, could change that.

Senator Elizabeth Warren, once the frontrunner in the race, suffered a humiliating defeat to Mr Biden in her home state of Massachusetts.
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