I rather much prefer this, than giving away fake FOSS that gets closed down as soon as there is no more VC money for free beer.
Try using RedHat Linux without a paid from them and complain all the way to the court that "it is FOSS".
You're not an expert on the topic and very likely this kind of licensing knowledge is not even relevant to your daily life. Nevertheless, there are nuances on OSS licensing that differ drastically from what you understand as "widely accepted definition".