That is its purpose. You can send this code to anyone you want and that person can see the message you wrote. If you want to chat at the same time, you can create a room and talk simultaneously.
Right, just because it's technically encrypted, doesn't mean it's secure. The purpose of encrypting a message is so that you can send it over an untrusted communications channel and only the intended recipient can read it, while eavesdroppers can't.
And if I chat with myself, I can see the messages coming and going as plain-text json objects over http. That's not E2E encryption.