I'm fine with them getting more profit, as long as they stop ripping up the desktop.
Ubuntu’s big thing back in 2004 was that it was a well-heeled founder (and company), coming in to actually put time and money into the desktop experience on Linux in an opinionated way (obv. not everyone agrees with those opinions, but I would argue that being as opinionated as commercial/proprietary software was Ubuntu’s biggest strength in the beginning). Over the last 16 years, nearly all of the big bets on desktop development have failed. Ubuntu One (the cloud personal cloud service)? Failed (though in retrospect it was a really good idea. Too bad users didn’t pay.). Ubuntu Software Center? Failed and discontinued. Unity? Failed and discontinued. Ubuntu Phone/Touch (and Canonical had invested massively into mobile)? Failed and given to the community. Mir? Failed, probably for good reasons, but failed.
Where has Canonical made money? Enterprise and in the cloud.
I totally understand the attraction to Linux on the desktop, but every company that has approached it in a way that is focused on end-users and not the enterprise in a way that isn’t either volunteer driven or as a very small company has failed to make it any money off of it. I imagine Canonical will continue to deemphasize the desktop even more as time goes on.
Canonical made it easy to recommend linux as a desktop, but then have made it harder as time goes on, with controversies like Snap and the Amazon fiasco. I'm glad for what they have done, and wish them luck in the server space.
There are others who are now better positioned to pick up where Canonical left off on the desktop. ElementaryOS, Pop!_OS, Zorin, all of these are amazing projects that have picked up and pushed forward from where Canonical left.