Could it be true? Could Facebook really shut down?

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By now you’ve probably heard the news that Facebook might be shutting down in March 2011. Like me, you were probably extremely shocked upon hearing the news. Indeed, for most people around the world now, imagining life without Facebook is simply impossible.According to a report on, Mark Zuckerberg, CEO and President, Facebook, said in a press conference outside his Palo Alto office that, “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.”Indeed, as the movie ‘The Social Network’ released in 2010 depicted, Facebook has affected his few true relationships and it appears that Facebook is all Zuckerberg really has in his life now.But owning Facebook is certainly a big deal. Facebook is currently ranked as one of the wealthiest businesses in the world, with economists estimating its value at around $ 41 billion. Facebook reportedly has more than 500 million active users around the world.With statistics like this it seems unbelievable that Zuckerberg would want to shut down Facebook. It comes as no surprise then that a day after published the story that Facebook was shutting down, published a contradicting story that Facebook is most certainly not shutting down in the near future.The story claims that Facebook Director of Corporate Communications, Larry Yu confirmed that the rumor is false. Yu said, “The answer is no, so please help us put an end to this silliness.” He added, “We didn’t get the memo about shutting down and there’s lots to do, so we’ll just keep cranking away like always.”

According to this story, Facebook had announced just a few days ago that it will be receiving funding consisting of $450 million from Goldman Sachs and $50 million from Russian investment firm Digital Sky Technologies. concludes its story by wondering if people will believe anything?

As far as I’m concerned, both stories seem to have some truth to them. And with Mark Zuckerberg, you really never know. So what do you think; will Facebook shut down soon? And if it does, how would it impact your life and business?

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