It’s been going on for a long time but it does seem to be more acute now. The sole purpose being to maximize profits at the expense of quality. If every last penny cannot be squeezed out of a holding then it goes on the chopping block. If a site does not turn a profit and can’t be sold? Turn it off. Same for goods or other services.
I am also of the opinion in this day and age of rampant activism in every facet of life, “unsavory” or socially questionable entities would absolutely be acquired to shut them down.
All that being said, I’ve never heard of this outfit and don’t know what they own…but I would opine that assets ultimately controlled by the Canadian government via regulations, outright demands, and whatnot, are more vulnerable to such influences than those held by US entities. Depending on how their business is set up.