Mike Bloomberg, the billionaire former New York City mayor who jumped into the 2020 presidential race late andspent over $500 million on an unorthodox campaign, has ended his bid for the Democratic nomination, but vowed to stay in the fight in an attempt to defeat President Donald Trump in November.
“After yesterday’s results, the delegate math has become virtually impossible — and a viable path to the nomination no longer exists," Bloomberg said in a statement. "But I remain clear-eyed about my overriding objective: victory in November. Not for me, but for our country. And so while I will not be the nominee, I will not walk away from the most important political fight of my life."
Bloomberg said defeating the president means uniting behind the most viable Democratic candidate, which he deemed to be former Vice President Joe Biden.