LATEST UPDATE

FACEBOOK IS NOT SHUTTING DOWN.

An opinion piece published on CNN said that the recent Goldman Sachs investment was the “beginning of the end” for Facebook. That post went viral with more than 5,000 Facebook “likes” and could be partially to blame for the ensuing panic that Facebook would be shutting down and the rumor going viral that Site Said To Be Ending March 15, 2011.
Whatever the reason for this rumor, it’s safe to say that as a site with more than 500 million users and a $500 million investment from Goldman Sachs recently, Facebook won’t be shutting down anytime soon.
The rumor started shortly after Goldman Sachs invested $500 million dollars into Facebook. The social networking site currently has over 500 million users, and many feel that the widespread popularity of the site combined with a large investment protects Facebook from shutting down.
Some online sources have speculated that the rumor is the product of those who are unhappy with the recent investment.
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