This paints it as if Gitea was not a fork of Gogs specifically to turn a profit out of something they did not make on their own. I might be more sympathetic if they'd created Gitea, but given it's a fork of another project, it looks a lot like they're playing the same game that beat them.
I don’t think this is quite correct. Gitea was a community fork of Gogs, because Gogs was limited by its single maintainer, who was often unresponsive for months. See https://news.ycombinator.com/item?id=13296717
In a way that makes it worse. A community fork that is repurposed by a select few to make money off of work that those few did not do for the most part.