Choose wisely
Whether you like it or not, cloud in all shapes and forms is here to stay. Public, Private, hybrid. The key point is surely that the use case for the application will determine how / where it should be hosted. If you have a key application with sensitive data, putting this in a public cloud may be career limiting for you.
You also get what you pay for. If you are going to the cheap end of the cloud provider spectrum, having an appropriate contingency plan in place when then go bust would be advisable.