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Twitch Is Desperate
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The problem is, Twitch claimed on Twitter that they'll be reversing the change immediately, but when you look at the "updated" policy, it still contains some of the changes that nobody likes. This is all explained in the video that's been linked in the post.
Sounds like they intentionally overstepped the line so that pulling back would make it seem like "they listened", when in reality it was just a way of them putting other slightly less shitty policies through with less backlash.
iirc they just went ahead and implemented a large swath of the policy changes anyway, and hoped nobody would notice the doublespeak.