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The team/person responsible for Woot sold it to Amazon, and then launched Meh the day their non-compete ended, along with a manifesto explaining how badly they thought Amazon had handled Woot.
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Got a link to the manifesto? My kagi-fu isn't finding it
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I have no clue where I read it, that was back when meh.com launched eleven-ish years ago. I didn't find it in a hot minute of searching either. I did find these, some of which talk about the circumstances obliquely:

https://www.ecommercefuel.com/woot/

https://techcrunch.com/2014/06/27/woot-reborn-as-meh/

https://www.dmagazine.com/publications/d-magazine/2014/july/...

https://meh.com/forum/topics/year-one-meh-stats--mediocre-st...

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