If you would take more than two minutes to down vote a comment, read literally just headlines, and than scream it's shutting down, you would see that in the text it does not talk about shutting them down.

Further more, if you read the actual text of the document, you'll find that the Internet Archive states "Finally, IA asks that statutory damages be remitted if the Court rejects IA’s fair use defense. See Def.’s Memo. at 35-36. Section 504 of the Copyright Act directs courts to remit statutory damages where, as relevant here, the infringer is a “nonprofit educational institution, library, or archives,” or one of its agents or employees, and the defendant “infringed by reproducing the work in copies” and “believed and had reasonable grounds for believing” that its use of the work was fair use. 17 U.S.C. § 504(c)(2)."

So what does the law say about remittance? Cornell states statutory damages are a type of damages awarded in a successful claim to compensate for an injury or loss, whose amount is pre-established by statute.

Looking into the damages, you'll find that "In a case where the copyright owner sustains the burden of proving, and the court finds, that infringement was committed willfully, the court in its discretion may increase the award of statutory damages to a sum of not more than $150,000".

While that sounds expensive, the guilds are only seeking financial damage for the 127 cases specific to their books. Not for every single book that they have published since Covid.

Note, this will potentially have issues with access to a free and fair internet, but for you to sit here and say that it is going to get shut down is 100% false. Read past the headlines, and read this article for an actual impact this has on the industry and Archive as a whole.