Elizabeth Warren’s campaign has sounded the alarm after experiencing a 30% drop in fundraising pace this quarter.
The drop in fundraising has coincided with Warren’s precipitous drop in polling.
Once considered a co-front runner with Biden and a leader in prediction markets to be the Democratic party nominee, Warren has experienced a downhill trajectory the past few months and has fallen from 1st to 4th in the PredictIt prediction market.
In addition, many analysts felt her “wine cellar” attack on fellow 2020 candidate Pete Buttigieg fell flat.
CNBC reports Sen. Elizabeth Warren’s campaign told supporters in an email on Friday that, so far, it has raised just over $17 million in the fourth quarter, a significant drop from her fundraising haul during the third quarter.
The memo asks backers to step up giving to the campaign.
“So far this quarter, we’ve raised a little over $17 million. That’s a good chunk behind where we were at this time last quarter,” it says.
Warren finished the third quarter bringing in $24.6 million, which was much more than most of the other Democratic primary contenders, including former Vice President Joe Biden and South Bend Mayor Pete Buttigieg. Sen. Bernie Sanders – who, like Warren, shuns big-money fundraisers – led the field with more than $25 million during the third quarter.
If the $17 million total stands that would represent a 30% drop from the previous quarter. The current quarter ends in four days.