The social networking site has confirmed the feature - which allowed users to create a personalised page only showing posts from a predefined list - has been shut down this week.
Faceook confirmed in a statement: "We'll be making these friend list feeds unavailable on Aug. 9, 2018, to focus on improving your main news feed experience.
"But don't worry -- you can still continue to create, edit and share to your friend lists."
As reported by Tech Crunch, users will also still have the ability to personalise their News Feed through the settings in News Feed preferences.
The latest update follows reports that Facebook wants users to check their back account on its instant message platform.
It's said that the social network has requested several US banks to share its customers' financial data, including checking account balances and card transactions.
According to The Wall Street Journal, the company has been in conversation with Wells Fargo, Citigroup, Chase and US Bancorp over the past year to talk about the possibility of new features for Facebook Messenger.
Hosted on the app, these would include showing account balances or fraud alerts - and it comes as the company looks to expand its e-commerce footprint.
It's reported that one large bank has pulled out of talks due to privacy concerns.
Still, Facebook launched peer-to-peer Messenger payments three years ago - and payment options have continued to be added, including PayPal integration.