"Now it's official! It has been published in the media. Facebook has just released the entry price: £5.99 ($9.10) to keep the subscription of your status to be set to "private". If you paste this message on your page, it will be offered free (I said paste not share)." The post continued by saying that it does not cost anything to copy and paste the announcement and that it costs nothing to copy and paste to spread awareness of the alleged fee. 

This widespread advisory has been going around the internet for the past few days this week, and while it indeed does not cost anything to copy and paste, it also does not cost anything to dismiss the post regarding Facebook asking for a price to keep messages private, as it is nothing but another hoax. A few years back, users of the social networking site have seen another type of hoax with Facebook at the center of the false announcement. It said that the social platform cannot be used for free anymore.

Another has had it that Facebook will be using its members' photos for ads without their permission, simply because they have posted them on the social networking site. Snopes reported the new hoax on Sunday, Sept. 27. Facebook users have seen several hoaxes beginning in 2009. The site said that the hoax has been circulating in different forms over the past few years. 

In September last year, a fake news writeup which said that Facebook CEO Mark Zuckerberg has announced that Facebook will be charging $2.99 for membership beginning Nov. 1 last year has made its rounds online as well. Facebook privacy settings have remained free of charge and unchanged, a report from The Guardian stated.

The social platform, however, has announced that it will be making changes on its newsfeed algorithm. The announcement was made in January, and at that time, Facebook said that the tweak will allow newsfeed to filter content which appear like hoaxes.