Well, I’ve been expecting this for a while. Hoping it wouldn’t happen, or perhaps I should say wishing.
Point is, a small operation like Medium is just too vulnerable to what the major power structure can do to them. They could lose their access to the Internet, lose their right to call themselves [whatever].com, and so on. (Look what happened to Gab.)
And that’s not to mention whatever threats could be made against individual decision-makers in their hierarchy.
One final thought: “hate speech”.
The real definition of “hate speech” is speech that the major power structure and their SJW (and other) dupes hate.
Which is any speech (or writing, pictures, etc.) that encourages people to think for themselves.