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What does "revoked their API access" mean?
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They had no "API access". It was just one of a million new lending sites that users join so they can lend each other books. They could continue to do this without any sort of API requirements from Amazon, so if they were indeed
shut down... they must have been doing something shady.
EDIT: They used Amazon's Advertising API. That has nothing to do with the lending technology and tracking their users borrowing/lending ratio.