Shared Cloud: Very Dangerous
Imagine your company "A" runs an accounting system on a Cloud Computer "CC". Everything very secure, properly patched, good security practices. Then there are companies "B" and "C" which have similar good security. Finally, there is Joe "J", who uses CC for throw-away computing experiments.
J runs an outdated version of Apache, which has exploitable bugs. He does not care, because for him it is an experimental system.
Then comes along "I", who is a criminal hacker who runs scripts to probe all IPv4 adresses for exploitable Apache instances. He finds Js Apache on CC. I can now insert an exploit which contains ZenBleed in order to undermine all of CC, including the VMs of A,B,C. I can read out ssh keys and get access to the processes of A,B,C. GAME OVER !
In other words, if you run a cloud system for anything business-critical, you should be very worried now.