From the Gitea incorporation announcement (below), it looks like they couldn't pay their bills as FOSS, and there were wealthy free-riders (which the MIT license allows).
> "Over the years we have tried various ways to support maintainers and the project. Some ways we have tried include bounties, direct donations, grants, and a few others. We have found that while there have been many wonderful individuals, and a few corporations who have been incredibly generous, and we are so thankful for their support, there are a few corporations (with revenues that are greater than some countries GDP) are building on Gitea for core products without even contributing back enhancements. [emphasis added]
I'm not a fan of Bruce Perens, but he kind of nails the problem when he says:
> "We have a great corporate welfare program, our users are the richest companies in the world. Indeed, we've enabled companies like Google to be created.
> "In contrast, if our developers aren't working for those companies, they probably go un-compensated."
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On the flip side, the community rebelled when the creators formed a company, but not supposedly because they formed a company, but because that co held the domain and trademark. Seems like a small hill to die on to me, but I don't know the details.
Regardless, it looks like exhibit #187 of FOSS failing for anyone outside of hobbyists and FAANGs.