4 ms·
Bloomberg spends $60m on Facebook ads then quits Presidential race
- sarcasmatwork 7y ago60m could have helped alot of people. Insane way to waste so much money imho.
- vzidex 7y ago$60M is only a small part of what he spent too - by the end of February his advertising spend was ~$400M [1], with who knows how much money spent on hiring staff, renting offices, etc. Bloomberg is a great example of how hard our world's richest will fight tooth and nail to hold on to their wealth. [1] https://www.washingtonexaminer.com/news/bloomberg-surpasses-400m-in-ad-spending-for-2020-race https://www.washingtonexaminer.com/news/bloomberg-surpasses-...
- jimmyvalmer 7y agoThis sentence betrays a basic misunderstanding of money's fungibility.