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The word "exit" has totally changed its meaning over the last 6 months.

If someone is smart enough to figure a EULA that guarantees end-users that the site can't shutdown in such "exits", I'm interested.

how so?

It used to mean 'acquired company, including userbase, products, revenue streams etc'.

Now it means 'hired team and shutdown previous company'.

I think it's always just meant 'liquidity'.

Yes, used to be called "liquidity event".

I respectfully disagree. Exits have always had the potential to go that way..