No matter what ever way you look at the game, Destiny is a MMO.
Is it Massive? Yes, there are tons of people in the hub and in the events.
Is it Multiplayer? Yes, that should be a no brainer.
Is it Online? Yes, it forces you to be on the internet just like a normal MMO.
So why do I see people calling it a "Shared World Shooter"?
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I'd argue this is all semantics but that point I would be making would be semantic... and I hate meta.