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Photo: Mark Makela/Getty Image

Sen. Kamala Harris (D-Calif.) is dropping out of the 2020 presidential race, her campaign confirmed to Axios on Tuesday.

"I’ve taken stock and looked at this from every angle, and over the last few days have come to one of the hardest decisions of my life. My campaign for president simply doesn’t have the financial resources we need to continue. I’m not a billionaire. I can’t fund my own campaign. And as the campaign has gone on, it’s become harder and harder to raise the money we need to compete."
— Kamala Harris wrote in an email to supporters

The big picture: Harris spent the early parts of her campaign as a top-tier contender for the Democratic nomination, but struggled in the polls as Joe Biden, Sen. Bernie Sanders, Elizabeth Warren and Pete Buttigieg emerged as front-runners. She landed a few standout moments — most notably in the first debate, when she faced off with Biden over his opposition of federally mandated busing in the 1970s.

  • But while Harris' poll numbers saw a spike after the first debate, the moment failed to significantly alter the course of her campaign.
  • The senator laid off the majority of her New Hampshire staff in early November, hoping to go all-in on Iowa with limited cash on hand.
  • Last week, more than 50 current and former staffers spoke to the New York Times about dysfunction within the campaign. Many of them spoke on the record.

Between the lines: Harris publicly questioned whether her failure to gain traction was the result of America being unprepared to elect a woman of color. In an interview on "Axios on HBO," she called the issue "the elephant in the room about [her] campaign," adding:

  • "When there is not a reference point for who can do what, there is a lack of ability or a difficulty in imagining that someone who we have never seen can do a job that has been done, you know, 45 times by someone who is not that person."

Harris' record as a prosecutor also earned her criticism throughout the race.

  • Harris previously defended the death penalty, despite being personally opposed to it, and fought against legislation requiring investigations into police-involved shootings.
  • She also prosecuted a number of people for marijuana offenses, despite admitting to having smoked marijuana herself.

Worth noting: Harris is one of seven candidates who had qualified for the December Democratic debate.

Go deeper:

Go deeper

1 hour ago - Technology

Facebook: Metaverse won't "move fast and break things"

Illustration: Aïda Amer/Axios

Facebook on Monday said it will invest $50 million over two years in global research and program partners to ensure its metaverse products "are developed responsibly."

Why it matters: "It's almost the opposite of that now long-abandoned slogan of 'move fast and break things,'" Facebook's VP of global affairs Nick Clegg told Axios in an interview at The Atlantic Festival Monday.

Ina Fried, author of Login
1 hour ago - Technology

Facebook presses "pause" on Instagram Kids

Illustration: Annelise Capossela/Axios

Facebook's announcement Monday that it was "pausing development" on Instagram Kids did little to slow a wave of criticism of the project ahead of a Senate hearing Thursday.

Yes, but: There's an argument to be made for building kids' versions of popular apps, even if their adult versions are causing real-world harms.

Ford's big plans to turbocharge the electric car industry in the U.S.

Illustration: Annelise Capossela/Axios

Ford Motor Company’s new $11 billion manufacturing plan, the biggest component of which will sit just outside Memphis, is part of a much bigger effort to put the U.S. at the center of the electric vehicle revolution, executive chairman Bill Ford says.

The big picture: Ford’s plans — for enormous facilities in both Tennessee and Kentucky, employing a combined 11,000 workers — are ambitious manufacturing efforts designed to minimize their environmental impact.