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"While Twitter had earlier told TechCrunch that it would be “winding down” Smyte’s business with existing clients, what that apparently meant was that it was going to announce the acquisition, then effectively shut off the lights over at Smyte and leave everyone in the lurch."
Just to reiterate because it's not obvious from the excerpt, Smyte is some kind of anti-harrassment API that a lot of large platforms (like npm and zendesk) were using. Twitter acquired it as a solution to their own harrassment problem and immediately shut everyone's access off, even though many companies had multi-year contracts with them! 😂
