[Updated] Is Facebook being deleted or shutting down? Here's all you need to know
Original story (published on November 06, 2021) follows:
Facebook is undoubtedly the world’s largest social network with more than 2.91 billion monthly active users. That being said, the company recently decided to rename itself to ‘Meta.’
While Mark Zuckerberg said that Meta is their way of showing the world their dedication to the development of the metaverse, it looks like they just want to save the company from negative publicity.
The move comes after an ex-Facebook employee turned whistleblower Frances Haugen revealed that the company prioritized monetary profits over people.
Several media outlets also backed the claim that Facebook miserably failed at content and hate speech moderation outside of the US, with the company even helping those in power in some countries.
Recently, Mark Zuckerberg hit back at the whistleblower claiming that her statements were untrue and don’t make any sense. He said,
“At the heart of these accusations is this idea that we prioritise profit over safety and wellbeing. That’s just not true.”
However, despite the recent accusations against Facebook in the US Senate, the company recorded a profit of $9 billion from July to September, which is ironically more than the $7.8 billion the company earned last year.
Moreover, splitting up Facebook with Meta as the parent company will enable them to focus on WhatsApp and Instagram better and allow them to place bets in areas like Augmented and Virtual Reality where regulation isn’t so strict.
That being said, many are now confused if Facebook will be shutdown in the near future. It looks like numerous people confused the shutdown of Facebook’s facial recognition system thinking that the social was going away.
Facebook said they were going to delete the facial recognition data of more than 1 billion people. Unsurprisingly, the system was the largest of its kind in the world and was used to automatically tag people in photos and videos on Facebook.
The move came as regulators were cracking down and questioned the company’s ethics of using the technology. Companies such as IBM, Amazon, and Microsoft have already stopped selling facial recognition technology.
With Facebook renaming itself to Meta and introducing a new way for creators to make money on Facebook Groups, we doubt the social media platform will shutdown in the coming years.
After all, Mark Zuckerberg needs Facebook and the revenue it generates to make Metaverse a reality since it will require a pretty hefty investment. Right now, only social media services can help him achieve his goal of combining virtual reality with the real world.
Note: We have more such stories in our dedicated Facebook Section so be sure to follow them as well.
Update 1 (November 07)
A quick look on Twitter conveys users are now searching for deleting Facebook Tuesday. The confusion among users may have to do with the Face recognition shutdown announcement that was made by the company on Tuesday.
Update 2 (November 08)
Facebook — or rather Meta — is reportedly under fire by Meta Company, a US-based firm that’s looking to sue Facebook (Meta) for infringing upon its name.
Meta Company Founder Nate Skulic claims Facebook failed to by Meta Company and then decided to “bury” the company by force of media.
Update 3 (November 09)
Another indication that Facebook isn’t going anywhere any time soon is a recent post from Mark Zuckerberg. The company’s CEO posted a picture on Facebook of special cookies to celebrate Facebook becoming Meta.
Another way to look at this is Google and its parent company Alphabet. Google is still around and isn’t going anywhere. This should be the case for Facebook too unless the company runs into some unforeseen issues.
Update 4 (November 11)
Facebook is once again in hot waters as the government will reportedly take action against social-media giants including Facebook for not monitoring inciteful and hateful content on the platforms.
Update 5 (March 22)
Facebook and Instagram have been banned in Russia after a Moscow court cited “extremist activities” as the reason for the shutdown. WhatsApp, however, still works, as highlighted by this report.
PiunikaWeb started as purely an investigative tech journalism website with main focus on ‘breaking’ or ‘exclusive’ news. In no time, our stories got picked up by the likes of Forbes, Foxnews, Gizmodo, TechCrunch, Engadget, The Verge, Macrumors, and many others. Want to know more about us? Head here.