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I think you can still have Public Folders in O365<br />
All you have to do is create them manually<br />
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Create a Public Folder on Exchange Online <br />
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and add it to Outlook Web App or a local Outlook<br />
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<a href="https://www.kalmstrom.com/Tips/Office365PublicFolder.htm" rel="ugc">https://www.kalmstrom.com/Tips/Office365PublicFolder.htm</a>
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This is probably not the answer you want, but we moved away from public folders completely. We started the process before we moved to Exchange Online and when we moved to it last year we didn't have to worry about it.<br />
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Everyone's needs are different, but we moved a lot of the stuff that we had on public folders to sharepoint. We also have a development team that created our own in house intranet page. With those two pieces we never missed public folders.
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IT Technician

IT Techs

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As others have pointed out, PFs are still a available in O365, so if they fit your needs, tou might as well use them. The &quot;newer&quot; alternatives, such as Office 365 Groups or Teams are certainly a better match for some scenarios, but they are not without their limitations either. Do some testing before you commit is the best advice I can give you. If you need more detailed information, we published a free eBook on this topic a while back, look it up on the Quadrotech site (on a mobile so I dont have a direct link readily available)
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Thanks everyone we will continue using public folders and test out the groups.
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With Microsoft trying to depreciate Public Folders in Exchange online, when we migrate our current on-premises to O365 - what happens to the current public folders? <br />
Also what are people using instead of Public Folders? <br />
Are people also using Shared Mailboxes on O365 fine?<br />
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Thanks
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With Microsoft trying to depreciate Public Folders in Exchange online, when we migrate our current on-premises to O365 - what happens to the current public folders? 
Also what are people using instead of Public Folders? 
Are people also using Shared Mailboxes on O365 fine?

Thanks

Public Folders in Exchange being depreciated - what are people using instead in O365?

Exchange is the server side of a collaborative application product that is part of the Microsoft Server infrastructure. Exchange's major features include email, calendaring, contacts and tasks, support for mobile and web-based access to information, and support for data storage.

Exchange

Office 365 is a group of software plus services subscriptions that provides productivity software and related services to its subscribers. Office 365 allows the use of Microsoft Office apps on Windows and OS X, provides storage space on Microsoft's cloud storage service OneDrive, and grants 60 Skype minutes per month. Office 365 includes e-mail and social networking services through hosted versions of Exchange Server, Skype for Business Server, SharePoint and Office Online, integration with Yammer, as well as access to the Office software. All of Office 365's components can be managed and configured through an online portal; users can be added manually, imported from a CSV file, or Office 365 can be set up for single sign-on with a local Active Directory using Active Directory Federation Services.