Facebook founder Mark Zuckerberg’s $100 million pledge in 2010 to help rebuild Newark's schools has largely run dry, according to a New Yorker magazine investigative report.

Four years later, it’s uncertain if the gift praised by Gov. Chris Christie and then-Newark mayor Cory Booker will have much of a lasting positive effect on city schools.

The New Yorker piece, titled “Schooled” by...

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