Joe Ayyoub, the Director of Support Operations at Magento, made it clear that the extension of the EOL is to ease the stress on their merchants.
So by June 2020 end of life date, Magento will stop all software security patches or quality fixes to Magento 1. You wonโt suddenly go out of business, but you might not like the outcome if you donโt take action.
Back in 2018, the deadline for the Magento 1 EOL must have felt like a long time, but now, the countdown is in days. Although no one will stop you from continuing with this platform, itโs in the best interest of your business to switch to Magento 2 or its alternatives.
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