Where did you read this?
We'll be updating some of the Steam servers Tuesday February 28th, 2012 around 17:00 PST (GMT-0700). Chat, game lobbies, and the community web site will be affected. Content downloads and game play should not be affected.
That was the official reason
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Gotta punish them after they made their purchase.
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I would be. In fact, I'd be fucking pissed if they vanished from my account now, since I'm waiting to see what tomorrow's daily deal is before I buy.
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No, not really, but a lot of users may find their inventories vanished.
Coupon farming accounts have been wiped of their coupons.
That is the reason for the downtime.
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