Several die-hard YouTube fans recently got a shock after a report claimed that the popular video sharing site will be shut down for three weeks. The report should not be trusted as it is nothing but an elaborate hoax.

According to the so-called news report from 1 October, all YouTube visitors will be greeted by an "under construction" sign while visiting the page. The report noted that the site will be shut down for three weeks to introduce a new layout, which will load faster and also launch a new membership that allows users to access content ad-free.

The report, published in Daily Media Buzz, even quoted YouTube CEO Susan Wojcicki as saying: "We apologise for any inconvenience this update may give you but it is definitely 100% worth the wait I promise you that."

According to Hoax Slayer, the Daily Media Buzz is a fake website that is known for churning out fictional content as news.

While Google is known for taking up updates every now and then, it would never shut down the services for such a long time.

Recent reports have suggested that YouTube may introduce dramatic changes in the site by the end of the year. The Verge had reported citing multiple sources that the world's largest video-sharing site would be launching two separate subscription services before the end of 2015, which will make it a mix of free, ad-supported content and premium videos that sit behind a paywall.