It doesn’t prevent observation - it provides evidence that it was observed. Likely with a ton of effort and careful application of steam, etc you could defeat it - but it’s more designed to prevent casual snooping.
So don’t think PGP encrypted but think a URL that records who views it.
I picture it like being more complex than re-folding a street map. It seems a good lot of people mess that up, and it's easy to tell it's happened because some of the folds go the wrong way, and sometimes there are new folds and "puffy" edges that don't belong there.
Just like ironing, where sometimes you see an erroneous V-shaped pleat running down the front of an otherwise impeccable pair of dress pants.
So don’t think PGP encrypted but think a URL that records who views it.