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While it appears that Google is pulling away from Google+, I don’t think the company has any intention of shutting it down just yet. They have decoupled Google Authorship from G+ (or perhaps even eliminated it, I haven’t checked recently), which is not exactly a vote of confidence. Hangouts has also been separated, and I think Hangouts has the possibility to be one of Google more popular offerings.
I think these are cautionary signs, as Google has demonstrated it is willing to kill off high profile offerings at a moment’s notice. However, they are still adding feature to G+, such as the Stories feature and increased options for business users. I’m not sure even Google knows where they are going with G+ at this point. I like having an alternative to Facebook, and I would be unhappy to see it go away. The “Google+ active users” numbers that Google likes to spit out have always been suspect due to the coupling with other services. With the recent changes, we may at least get a better idea of how many people are actual active users, and not just people who had the social network forced upon them.