Oh that's too bad, it was an interesting concept while it was running. I did notie that it takes a lot more effort to do real world journalism than it is to write an encyclopedia. And accreditation is a tricky thing in a pseudonymous community.
Ah, it is/was a volunteer community, so not really a thing the WMF needs to put much effort in besides running the server. I bet even I could take over the job if I really wanted to, and not because I'm amazing or anything. Well at least, if this were 2010 or so. By now scraper mitigation might be a challenge. <scratches head>
I don’t think this is a bad move, they might even want to divest from their other side projects too. They are mostly distractions and money sinks.
Hopefully they can now focus on making Wikipedia itself neutral.