There is no risk of service provider spying on you because you as the business is the service provider.
There is no risk of service provider spying on you because you as the business is the service provider.
With the private keys on the recipient end and the browser end, it does make it easier to follow certain data privacy regulations. Whether the rather leaky Matrix protocol is considered foolproof is still an unanswered question, though; the average encrypted chat session sends a LOT of unique identifiers that shouldn't cause any trouble, but I haven't seen a recent audit of the protocol.
Let's say I'm talking to my bank. Is there really any information that you want open? They're going to ask you security questions to confirm your identity. You're likely talking about specific sums of money.
Let's say you're talking to your doctor. Is there really any information that you want open? Are you violating HIPPA and privacy laws just by talking? Your health is of no concern to anyone but you and your health provider. Full stop.
I mean, they use these two examples in the post. The use case is pretty clear to me here. The risk isn't your service provider spying on you, it is anyone that you aren't intending to talk to. A hacker (who may be interested in your bank or health care). A state actor. Abusive ex. Data companies that extract every bit of information they can. Or politicians who want to track your period. Maybe this isn't useful when I'm submitting tickets to wandb, but I can see this being very helpful when I'm talking to my bank.
Imagine you're contacting a doctor and are communicating about sensitive stuff. I'd still expect this to been treated relatively confidential, i.e. not spreading it within the company, or potentially leaking it.
Plus, the matrix server of the person on the other side might not be in your hands, e.g. hosted by Element
Thanks to the prevalence of early HTTPS termination (usually at the edge of some big cloud company), that green pad lock at the top of your browser means little when true privacy is needed.