Sharepoint - How to create a public facing website?

It is correct that Microsoft have removed the SharePoint public sites. Instead they suggest to get a public website from a third part provider.

Right now they suggest either GoDaddy or WiX from the Office 365 admin center.

The official announcement from Microsoft states the following:

As part of the evolution of the Office 365 service, we periodically evaluate the capabilities of the service to make sure that we’re delivering the utmost value to customers. After careful consideration, we concluded that for public websites, Office 365 customers would be better served by third-party providers whose core competency is public websites. Therefore, we’ve made the difficult decision to discontinue the SharePoint Online Public Website feature so that we can focus our efforts and investments on delivering capabilities in Office 365 that will bring more value to our customers.

Information about changes to the SharePoint Online Public Website feature in Office 365