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Because it keeps the content on the page fresh all the time, thus search engines pay more attention to it. If you get a page with content indexed and never bother to update it, the search engines may not come back to it again.
You are wrong about that. You do not need to update the content to make the search engines come back and crawl the page again. By your logic, static websites would get deindexed lol.
Deindexed no, however its common sense that updated pages, such as a sites home page will be crawled more frequently as the content is updated.