Cloud Drive was provided by a third party vender who is no longer in buisness that is why service is being discontinued.
So it could not be replaced by some other third part service? Some much for any backups you may have made you must do it again now. This was the reason why most people had this cloud service.
And why should we believe/trust "IntheKnow" when you post as an anon user. It makes it harder to believe you have any inside info. Its just as easy to believe they are cutting costs. So what was the third party's name, should be a news story some where.