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Mark Zuckerberg once made a $100 million investment in a major US city to help fix its schools — now the mayor says the effort ‘parachuted’ in and failed

Posted BusinessMediaguide.Com
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  • In 2010, Facebook founder Mark Zuckerberg donated $100 million toward creating an education foundation in Newark, New Jersey. The goal was to help the city’s struggling school system.
  • In an interview with Business Insider, Newark Mayor Ras Baraka said that the foundation did not use the money wisely.
  • Baraka added that he wishes the foundation would’ve engaged with local community groups, rather than “parachuting” into the city.

On the stage of The Oprah Winfrey Show in 2010, Facebook CEO Mark Zuckerberg, then-Newark Mayor Cory Booker, and then-New Jersey Governor Chris Christie announced a huge gift for Newark, read more >>>

Source:: BusinessInsider.Com