"Freemium" doesn't mean "free". It means "There's a basic free version and a superior paid-for version." Commonly, the free provision is licensed for personal, not business use. Or else it's just the better, business-ready features that you pay for. The things you just complained about leaving out.
With many projects it doesn't cost much at all to offer a free service to people who weren't going to become paying customers anyway. On the other hand, it may stop them from becoming your competitor's paying customers, as a result of which, you won't have a competitor. That's smart business!
Plus, it can be an advantage for business users to be using the same system that everyone uses but most people don't pay for... you can hire people who already taught themselves to use the system for personal projects, you don't have to train them.
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