Is this new marketing strategy the end of Facebook?

You probably have your own list of complaints in regards to the largest social network in the world today. Facebook has plenty of haters, but there's no denying that it is still incredibly successful. Sure there are downfalls, but it manages to coast by without too much financial trouble. That is, until the company implements this rumored new marketing strategy that is said to be the death of Facebook.

Valleywag reports:

A source professionally familiar with Facebook's marketing strategy, who requested to remain anonymous, tells Valleywag that the social network is "in the process of" slashing "organic page reach" down to 1 or 2 percent. This would affect "all brands"-meaning an advertising giant like Nike, which has spent a great deal of internet effort collecting over 16 million Facebook likes, would only be able to affect of around a 160,000 of them when it pushes out a post. Companies like Gawker, too, rely on gratis Facebook propagation for a huge amount of their audience. Companies on Facebook will have to pay or be pointless.

This rumored update to Facebook wouldn't affect users, by the way. It would only directly affect corporations using the social media website as a promotional tool.

What do you think of this new update that could come into play over at Facebook? Is this "suicide" for the company? Let us know what you think in the comments section below!