For the same reason that Skiff is being acquihired: it has simply proven to not be a viable business.
The reason Notion acquires and kills this product is not because it is in any way an interesting product or company to them but because it has investors that need bailing out that are also Notion investors. Notion gets some nice people in their team and some of them might even stay.
This is a very common practice in silicon valley. VC funded companies fail all the time. Instead of letting them go bankrupt, investors and founders swap shares and walk away with an "exit" in their pocket. Everybody wins.
The reason Notion acquires and kills this product is not because it is in any way an interesting product or company to them but because it has investors that need bailing out that are also Notion investors. Notion gets some nice people in their team and some of them might even stay.
This is a very common practice in silicon valley. VC funded companies fail all the time. Instead of letting them go bankrupt, investors and founders swap shares and walk away with an "exit" in their pocket. Everybody wins.