How is this a fair and reasonable assessment?

From here:

https://x.com/HedgieMarkets/status/2081534588485296565

A quote:

A federal judge ruled the practice is fair use because eliminating the original means only one copy exists at a time.

So no, the reason isn't to keep that information, even from competitors. It's about a legal ruling, which allows them to scan said books without infringing copyright. Judicial decisions and case law have lead to this outcome.

Please stop spreading rumours without any validity.