Facebook Denies It Is Shutting Down

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A tabloid reported the site would go offline March 15, causing it to announce Sunday, "We aren't going anywhere; we're just getting started."

Facebook isn't going offline, despite a tabloid report by the Weekly World News that quoted Mark Zuckerberg declaring it would shut down on March 15.

"Facebook has gotten out of control," Zuckerberg was quoted saying in a press conference outside his Pala Alto, Calif. office. "And the stress of managing this company has ruined my life. I need to put an end to all the madness."

The company posted a message on its website Sunday: "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."

Despite the Weekly World News being best known for its features on Bat Boy and articles like "Alien Spaceships to Attack Earth in 2011" the rumor picked up steam online over the weekend.

Goldman Sachs valued the social media site at $50 billion last week.