Josh Kraft is suspending his mayoral campaign two days after after getting clobbered by Boston Mayor Michelle Wu in this week’s preliminary election — when he lost by a whopping 49 points, he said on Thursday night.

Kraft secured a place in the November general election with his second-place finish to Wu in Tuesday’s four-way primary, but was able to muster just 23% of the vote to the mayor’s 72% — despite pouring millions of his own cash into his campaign.

The margin of defeat apparently proved to be too much for Kraft to overcome, who said Thursday in an interview with WCVB-TV that he was suspending his mayoral campaign, effective immediately.

“My decision is to suspend my candidacy for mayor, as of today,” Kraft said.

The decision represents an about-face for Kraft, who said Tuesday

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