They said it was wrong to do, reinstated those accounts, and are building the functionality to enforce those Chinese laws without ever impacting users outside China.
That's from their blog. https://blog.zoom.us/wordpress/2020/06/11/improving-our-poli...
They are actually admitting that they're going to prevent people IN CHINA from connecting to a meeting that is presumably hosted IN THE US. That doesn't make it better, it makes it WORSE. You're basically telling the world that China will dictate how you operate WOLRDWIDE not just in China.
There's a pretty big difference IMO.
The same would be if they blocked Gmail of US citizens because of discussions related to China.
What they aren't doing is actively blocking users from China getting to www.google.com, and they aren't censoring searches Chinese users do on www.google.com because those resources aren't hosted in China and aren't subject to Chinese law.
Zoom on the other hand IS blocking users from China accessing resources in the US and while they may have "undone" the ban, they banned US users from their platform for breaking a Chinese law that they aren't subject to. Namely talking about the Tienanmen Square massacre.
Unless you've got a magic bullet to give Wall Street a conscience, that wasn't going to happen.
By the way, in general my understanding is that the "beholden to their shareholders as a public company" (and thus forced to make the most remunerative decisions) belief is a myth, a public company is free to make ethical choices (if its major shareholders don't oppose them).
https://news.sky.com/story/zoom-disables-accounts-of-chinese...
>The suspension targeted Humanitarian China, an organisation based in the US, after it held a call with roughly 250 people, including a number who dialled in from China.