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I'm not well versed on the details surrounding this, but it sounds like Pi pivoted to supply businesses during the chip shortage, instead of direct to consumer in the more hobbyist space.
That seems like a win win, well within moral business practice.
Yes, Pi was founded (afaik) as a cheap minimalist PC. No thrills or bullshit, with a strong moral stance on making a barebones PC available to all.
Pivoting to help keep a global chip shortage from causing a global collapse of anything needing simple circuit boards isn't evil. It's helping everyone get through potentially a lot worse than not having access to a mostly hobbyist device. And it probably meant they could use their own impacted supply line in the most efficient way possible.
Hopefully the consumer Pi isn't lost for good, but this seems far from corporate greed, but a necessary concession during a global disaster.