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Yet another example of the difficult decisions teams make.

It does seem like the gap between shutting down and re-launch will hurt their user base, who will invariably seek other services. Many streamers had regular schedules and won't be able to indefinitely wait for the service to return.

And when they return, even with a different format it might address some of their problems but others will remain. Most livestreams suck because most people are not media and/or technology experts. A controversial figure broadcasting? DDOS will still happen. A massive media event using your platform? It could still lack capacity.

From an outside perspective it looks like this decision will be regrettable but it'll be interesting to see how everything plays out.