Tom Steyer drops out of the 2020 presidential race

Business Insider

• Billionaire former hedge fund manager and liberal activist Tom Steyer dropped out of the 2020 Democratic primary after a disappointing finish in the February 29 South Carolina primary.
• Despite spending $150 million on ads in early states, Steyer failed to earn any delegates at all or break more than 4% of the vote in Iowa, New Hampshire, or Nevada.
• Steyer also failed to meet the 15% minimum threshold to earn statewide delegates in South Carolina.
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Billionaire former hedge fund manager and liberal activist Tom Steyer dropped out of the 2020 Democratic primary after a disappointing finish in the February 29 South Carolina primary, MSNBC and CBS News report.

Steyer quit the race after coming in third place in South Carolina with about 11% of the vote, failing to meet the 15% minimum threshold to earn statewide delegates. 

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See Also:

• LIVE UPDATES: Biden is crushing the South Carolina primary with half the precincts reporting
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• Tom Steyer is running for president. Here is everything we know about the candidate — and how he stacks up against the competition.

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