Time to move on

Past extractions were far more informative and useful (to him) was the point he was trying to get across.

Yes, I believe he was trying to get across that the site, in its current state (as it is now, I would describe such a state as "falling apart" or "falling through the cracks"), doesn't need extractions. They aren't a necessity nor are they imperative to have in such a situation.
However, in the past, they were imperative to bring in a steady user revenue.