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March 4, 2020 06:37 pm GMT

Bloomberg is out. Here's how much he spent on Facebook ads.

Bloomberg is out. Here's how much he spent on Facebook ads.

Anybody got a lighter? Mike Bloomberg's got some cash he wants to light on fire.

On Wednesday, following a Super Tuesday in which Bloomberg's astronomical self-funded campaign spending failed to buy him voters, the campaign announced that it would suspend Bloomberg's presidential campaign. 

The cost to Bloomberg for holding out as long as he did was advertisers' gain. That includes Facebook, which infamously continued to allow political ads — including those with misleading information — when most other social media platforms pulled out of the practice altogether. According to Facebook's Ad Library, the social media giant earned $8 million from Bloomberg in the past week alone, and has raked in over $63 million in ads from Bloomberg's page since 2018. Read more...

More about Facebook, Democratic Primary, Political Ads, Mike Bloomberg, and Tech

Original Link: http://feeds.mashable.com/~r/mashable/tech/~3/RhcSVuP9YyA/

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