https://wccftech.com/zooms-encryption-is-tied-to-china-raises-more-concerns/

A few days ago we revealed how Zoom's end-to-end encryption is not actually what users would expect from such kind of encryption as the company still had the ability to access the calls taking place. Followed by that news, SpaceX issued a statement that they are banning the use of Zoom, and their workers will now rely on emails, texts, and phone calls to conduct any business.

Needless to say, Zoom was already in hot waters as the service is now being used all over the world because of the work from home situation, and in these dire times, a service having shoddy business practices is not viable for the company at all.