welcome to the new world...
I have avoided the cloud like the money-raising pandemic that it is. The reason? All of your eggs in someone else's basket is risky.
This fire will send a lot of ripples into a lot of ponds. As we speak there are board-level questions being asked about this incident such as "does it affect us?", "do we have backups?", "are there alternatives?", "are we insured", "is this what 99.99% availability looks like?" and "what happened to our own data centre - and it's staff?" Sadly, some business may even fail.
Sooner or later something like this was going to happen. I like my spinning rust and noisy power supply fans where I can see and hear them!
Biting the hand that feeds IT
