Respectfully disagree. I can only speculate why other developers choose MIT. But for small and medium-sized projects, a more restrictive license is unlikely to protect them from this scenario anyway. And if that’s true, one could argue it’s better to go down a road where corporate sponsorships are potentially more likely.

Personally, I often choose MIT because I don’t care who uses my code and for what, and I’d prefer that it be easy to borrow from. I used to be concerned about how my code was used, but over the years I’ve developed a strong dislike for copyright as a concept in general so I fight it how I can. Some of my projects are so simple that even MIT seems like overkill. In those cases I use the Unlicense.