It also could be a purely financial decision. Bandcamp claimed $51m in revenue (I assume gross?) in 2016 [1] and, per reporting, had about $20m in net revenue in 2022 [2]. With the reported 210 employees, that's $95k in net revenue (not profit -- wages / costs are not yet accounted for) per employee. That is very low. You could easily see an acquirer wanting to be more profitable and cutting things like editorial.
[1] https://blog.bandcamp.com/2016/05/19/bandcamp-downloads-stre...
[2] https://www.fastcompany.com/90951664/bandcamp-spotify-vinyl-...