What Does MIT License Do?
Massachusetts Institute of Technology (MIT) License is free license software. The MIT License grants the software end user rights such as copying, modifying, merging, distributing, etc. ... The MIT License is a free and open source software similar to the Berkeley Software Distribution (BSD) License.
There's absolutely no restriction on commercial use in there. The only requirement is that you must include the MIT copyright notice with any copies of the software. Other than that, it's a free license, and allows you to use the software for any purpose you might like, including commercial and for-profit use.
What are the pros and cons of the MIT license? - Quora
MIT License MIT is one of the most permissive licenses. It is also the most popular one. It offers very low protection for the author of the software.
How open source licenses work and how to add them to your projects
Why is MIT license so popular?
MIT license is probably the most famous open source license ever. All types of software can use it and since it's also one of the most used it's easily recognizable by others. Like mentioned in the other responses it's also very popular among commercial software which gives it even more credit.
Why does MIT appear under license for some open source software?
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