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As it currently stands, if you have a past event, when you click on it in classic view, you are able to modify the various event settings and reschedule it to a new day. When viewed in 'modern view' however, this option is lost, as you would only have the option to edit the subject of the event, but no other options or to schedule it for a later date can be done.
This can be extremely important to some businesses as they rely heavily on it and use classic view, but if a bug affects the ability to view a certain event, then it is lost for them and the same functionality cannot be done in Modern view.