Has Mark Zuckerberg’s $100million gift to Newark public schools gone down the drain?

Zuckerberg announcing the plan with then-Newark Mayor Cory Booker and Governor Chris Christie on the Oprah show in 2010

In his first major show of philanthropy, Facebook founder Mark Zuckerberg made a splash by announcing his plan to give $100million to help turn around Newark, New Jersey’s public schools in an appearance on Oprah in 2010.

But nearly four years later, Zuckerberg’s money has run out, having been spent mostly on labor contracts and consulting fees with no noticeable improvement in student performance, a report in the New Yorker reveals.

“Everybody’s getting paid, but Raheem still can’t read,” Vivian Cox Fraser, the president of the Urban League of Essex County, told the magazine.

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Has Zuckerberg’s money gone down the drain?  YES.