Yes. Web Faction hosting was acquired by Godaddy hosting. In March 2019 Web Faction notified all its existing customers that their existing customers will be migrated to standard GoDaddy hosting plans and their existing servers, custom control panel, will shut off in August 2019.
Since Godaddy standard hosting was very limited and did not support many things that used to work with Webfaction hosting ( cron jobs, projects requiring shell access etc ) most of the webfaction users had to migrate to either VPS or other equivalent hosting plans.