Exactly. But there’s not really a distinction in the term.
I said it’s terrible as a whole, because actions taken in case one rarely have any considerable effect, while I can list a few for case two. If they were two separate terms I would’ve obviously been against the second definition only, but they’re all under the same umbrella.
Not to mention people can make bad faith arguments for both (“yeah we just found out that guy raped 27 girls last year, but after that we don’t know anything so he’s changed!” / “ok, the only racist remarks that person did were 40 years ago, but have they really changed or are they just hiding it?”) so the line gets blurry.
Overall, the number of “campaigns” that actually worked at “cancelling” a bad person is way too small to justify the harassment to all the other people. That’s why I think it’s not worth it, just support who you want, let people live their life and only harass them if they’re currently doing something bad (or if the bad thing they did in the past was straight-up illegal like the aforementioned Weinstein).