NewsMark Zuckerberg Cut School Funding Despite Billionaire Status

Mark Zuckerberg Cut School Funding Despite Billionaire Status

The school stated the shut down stemmed from lack of funding.

However, sources told the New York Times that the final straw was CZI pulling out of their monetary commitment. The news disgruntled parents, part of The Primary School’s community, who expressed frustration with the choice given, Zuckerberg’s sizable pockets.

“He’s a billionaire. Why would he close a school for poor kids?” questioned one parent.

However, parents called out Zuckerberg and Chan for scrapping their unsustainable education venture. They emphasized a responsibility on the billionaire founders to keep these promises, especially if their surplus of money allows it. They were also left confused by the monetary allotments granted to each student upon the news of the closure.

The parting gift is meant to help parents find new schooling for their children after the following school year. These families say it’s not enough to cover any private schools in the area.

Now, as Zuckerberg and Chan shift their focus and funding away from local education, those left in their wake must forge their own way to a better future.

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Source: Black Enterprise

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