What! Facebook to go out of business?

International

oi-Staff

By Super

New York, Jan 9: Internet faux news site Weekly World News posted a story that horrified the Facebook users across the world. The story in the site revealed that the California based social networking website Facebook will shut down on Mar 15, 2011, because it has become too stressful to manage it for the founder Mark Zuckerberg. [Read: Facebook photo triggers massive riot in Hyderabad

The American supermarket tabloid Weekly World News claimed that, in a press conference Zuckerberg declared that he would shut down the Facebook by Mar 15 and added, “if users want to see their pictures again, I recommend to take them off the internet. They won"t be able to get them back once Facebook goes out of business."

Zuckerberg, on Saturday, Jan 8, confirmed this is an hoax story. He said, “oh yea, use some common sense. Also, with a company estimated at being worth over $50 billion, why would anyone even think of suddenly shutting it down." He added, “it would obviously make sense to sell it off rather than just kill it all together."

In the year 2010 Facebook generated $2 billion dollars revenue, for the company.

Facebook has successfully raised $500 million in a recent round of funding from Goldman Sachs and Russia's Digital Sky Technologies (DST).

The phenomenal growth of Facebook worldwide has made Zuckerberg one of the world's youngest billionaires.

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