We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,259 News Articles

Despite hoax email, Facebook will not be shutting down

Social network moves to quash rumors Zuckerberg is to call it quits

No need to worry that Facebook will shut down on March 15, as reported by the supermarket tabloid Weekly World News.

Facebook quickly dispelled rampant online rumors that the site will be shut down for good on March 15. The rumors spread after Weekly World News, best known for stories about UFOs, aliens and the like, published a story over the weekend saying that Facebook CEO Mark Zuckerberg announced he was shuttering the company because it had become too stressful for him.

Facebook's quick reply: "We didn't get the memo about shutting down, so we'll keep working away like always. We aren't going anywhere; we're just getting started."

"It's hard to believe that anyone would take this seriously," said Dan Olds, an analyst at Gabriel Consulting Group. "But Weekly World News readers probably have bigger things on their minds, like their story about aliens attacking Earth in 2011 or the story about developing the skills to be invisible and levitate."

The rumors come just a week after Goldman Sachs and Digital Sky Technologies invested $500 million in the company, which gives Facebook a valuation of $50 billion. Shortly thereafter, leaked financial documents shows that Facebook generated a profit of $355 million on $1.2 billion in revenue during the first nine months of 2010.

The financials began leaking out last Friday thanks to a not-very-secretive 101-page document that Goldman Sachs is sent to potential Facebook investors. Citing an unnamed source who had reportedly received the document, Businessweek reported that Facebook is on a path to generating $1 billion in profit this year.


IDG UK Sites

Windows 9 release date, price, features: Videos leak as Microsoft sets 30 September unveiling

IDG UK Sites

The top 10 Apple products ranked by pixel density: Which Apple devices have the sharpest screens?

IDG UK Sites

SBTRKT's Look Away webcam-based interactive music video won't keep your gaze

IDG UK Sites

Retina MacBook Air release date rumours and specs: Gold 12in Retina MacBook Air almost 1cm thinner...