Your post is bang on. They sold out and shit on the users who had no choice. So much for decentralisation and community.
I have been through multiple corporate mergers and acquisitions, and at this point in time even the parties doing the M&A don't have any clue on what will be the future impact, so just remember that there is "no wise old man/woman" here.
That's old world, Steem is supposed to be new world!