Billionaire Mini-Mike Bloomberg spent more than $700 million in an effort to win the Democrat presidential nomination.  He won American Samoa. Today mini-mike announces he is suspending his campaign and immediately endorses Joe Biden.
Bloomberg has a massive campaign system behind him, including thousands of campaign workers and a nation-wide network from his political committee activities around gun control.   It is virtually certain Bloomberg will use a legally permissible independent expenditure and put the very expensive apparatus into play behind Biden.

New York – Former New York Mayor Mike Bloomberg suspended his presidential campaign on Wednesday, endorsing Joe Biden after pouring hundreds of millions of dollars into his own failed White House bid.

“Three months ago, I entered the race for president to defeat Donald Trump. Today, I am leaving the race for the same reason: to defeat Donald Trump,” Bloomberg said in a statement. “It is clear to me that staying in would make achieving that goal more difficult.”

Bloomberg’s exit comes hours after a disastrous showing in the Super Tuesday primaries, which netted the former mayor only a single first-place victory in the territory of American Samoa. (more)