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Mark Zuckerberg and wife to open school in Palo Alto

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Facebook CEO Mark Zuckerberg and his wife Priscilla Chan are opening a private school in East Palo Alto, Calif., for disadvantaged kids.

The tuition-free school is expected to open next August.

Chan, a pediatrician at San Francisco General Hospital and a former teacher, would serve as CEO.

Read more from CBS.

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