Sunday, January 16, 2011

Facebook Shutting Down on March 15th?! Not again?

Did any of your Facebook friends share the news about Facebook closing down on March 15th, 2011? The rumor originated from an article published on Weekly World News two days ago, claiming that Mark Zuckerberg decides to shut down Facebook due to stress.
Summary of the news article:
  • Mark Zuckerberg announced that Facebook will be shut down in March.
  • “Facebook has gotten out of control, and the stress of managing this company has ruined my life. I need to put an end to all the madness,” said Zuckerberg.
  • “I don’t care about the money,” said Zuckerberg. “I just want my old life back.”
  • The Facebook Corporation suggests that users remove all of their personal information from the website before March 15th. After that date, all photos, notes, links, and videos will be permanently erased.
Facebook HQ

As ridiculous as it sounds, many Facebook users, the hardcore ones especially, got really concerned. Some even commented “if Facebook ends, my life ends“.
The rumor is definitely not true, Facebook will not shut down on March 15th. Because:

Mark Zuckerberg Has Only 24% Facebook Share

So the Facebook founder finds it too stressful to manage the largest social networking site, but can he really shut down the entire company? With just 24% ownership of the company, can he convince other shareholders to agree with his plan to close the money tap? Probably not.
Also, he can just resign, sit back at home and still watch the money flowing in without working. He can even sell all his shares to dissociate himself from Facebook. That would relieve his “stress” because he no longer have to manage the company and yet have enough money for the rest of his life being jobless.
Doesn’t that sounds better than closing the company entirely?

Facebook’s $50 Billion Valuation After New $500 Million Investment

Just days ago, Goldman Sachs and Digital Sky Technologies invested a total of $500 millions in Facebook, and Facebook has a valuation of $50 billions as a result of it. Now less than a week down the road, Mark wants to shut down Facebook?
The hitman would be smiling waiting for a job.

New Seattle Office

Facebook Seattle office
Around the globe, there are Facebook offices in 12 countries and have a total of more than 1,700 employees. It seems like Facebook is ever expanding.
In fact, Facebook had open a new office in Seattle last August. That is less than 6 months ago.

Origin News Article Published On Satirical News Site

The source where the rumor originally comes from is a satirical news site publishing fake news for entertainment purpose. Let’s see some of their latest articles:
  • Glenn Beck Moving to China!
  • US Trades Carrot Top for Canadian Pennies
  • Alien Spaceships to Attack Earth in 2011
  • Young Adults Moving Into Nursing Home
Now put the headline “Facebook Will End on March 15th!” next to any of these, oh sure it’s true.

Official Deny from Facebook

Responding to this viral hoax, Facebook responded with the following statement:
Facebook deny shutting down on March 15th
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.
If this doesn’t convince you, I don’t know what will.

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