This is a part of the license that implies to the 'product'. The source code of the vscode with HUGE 'OPEN SOURCE' near it is under MIT license with Microsoft reserving all their rights.

The software contains third party components licensed under open source licenses with source code availability obligations. Copies of those licenses are included in the ThirdPartyNotices file or accompanying credits file. You may obtain the complete corresponding source code from us if and as required under the relevant open source licenses by sending a money order or check for $5.00 to: Source Code Compliance Team, Microsoft Corporation, 1 Microsoft Way, Redmond, WA 98052 USA. Please write “third party source code for Visual Studio Code” in the memo line of your payment. We may also make the source available at http://thirdpartysource.microsoft.com/.

. . .

SCOPE OF LICENSE. The software is licensed, not sold. This agreement only gives you some rights to use the software. Microsoft reserves all other rights. Unless applicable law gives you more rights despite this limitation, you may use the software only as expressly permitted in this agreement. In doing so, you must comply with any technical limitations in the software that only allow you to use it in certain ways. You may not

    - work around any technical limitations in the software;
- reverse engineer, decompile or disassemble the software, or otherwise attempt to derive the source code for the software except, and solely to the extent: (i) permitted by applicable law, despite this limitation; or (ii) required to debug changes to any libraries licensed under the GNU Lesser General Public License which are included with and linked to by the software; - remove, minimize, block or modify any notices of Microsoft or its suppliers in the software;
    - use the software in any way that is against the law; or

And this is their privacy statement which I am lazy to quote, but it as absurd, as above: https://privacy.microsoft.com/en-us/privacystatement

I agree with CalmStrom

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