this post was submitted on 10 Jul 2023
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Piracy: ꜱᴀɪʟ ᴛʜᴇ ʜɪɢʜ ꜱᴇᴀꜱ
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Seems like it was a mix between usenet being a magnet for piracy, which all the ISPs were getting pressure to combat, and demand for usenet cratering - as newer users came on the internet they went to other places (myspace had started which appealed more to young users)