It doesn’t matter anymore if he had a point.
Matt Mullenweg thinks he is Wordpress. He has been leveraging his position for his own financial gain for 20 years. He’s been pulling egotistical power moves like this the whole time, just against much weaker opponents. But now he’s taken on a private equity venture with more financial backing than him, and he’s about to get wrecked because he’s been a complete amateur trying to extort them.
My prediction is this will finally dethrone him and shift Wordpress to a true community run model.
It’s not open source, unavailable on non-apple platforms, and (ironically) needs something like Plex for remote playback.