Moving to AGPL means enterprises stop using your software and improving it in-house with the possibility of patches “leaking” out when there isn’t a clear OSS contribution model. Going AGPL does prevent AWS from turning Matrix into Opentrix, but it also just focuses the major hosts on platforming your community product instead of improving your product. Their inspiration is Grafana. Time will tell if that’s going to pan out. The enterprises I’ve consulted for use hosted Grafana like Amazon Managed Grafana, not Grafana Cloud.

I personally am very wary of any AGPL project in any corporate setting. I’ve convinced companies to move the other way, from AGPL to Apache, because I also warn companies AGPL poses a compliance risk.