How Does The MIT License Work?
The MIT license gives users express permission to reuse code for any purpose, sometimes even if code is part of proprietary software. As long as users include the original copy of the MIT license in their distribution, they can make any changes or modifications to the code to suit their own needs.
Can you profit off MIT license?
Depending on how they chose to provide their fork, yes. The MIT license, which you chose to license your work under, doesn't prevent anyone downstream from changing the license, nor from changing the license of a derivative - unlike a copyleft license such as the GPL.
Can I sell my MIT-licensed software if it is modified by others?
The MIT License is a permissive free software license originating at the Massachusetts Institute of Technology (MIT) in the late 1980s. As a permissive license, it puts only very limited restriction on reuse and has, therefore, high license compatibility.
MIT License - Wikipedia
Patent issues are the time bomb of the MIT licence Many of the issues with the license are due to the evilness of software patents. ... Because the MIT licence has no explicit grant of patent rights as a condition of use of the code you open yourself up to abuse from bad actors.
The MIT licence is community hostile - Janis Lesinskis' Blog
Why do people use MIT license?
Arguably, the biggest advantage of using the MIT License is that it is very permissive. It is not only welcoming to open-source developers, but also to businesses (Proprietary). This quality of the license allows it to be both business-friendly and open-source friendly, while still making it possible to be monetized.
The realm of an MIT licensed software code - iPleaders Blog