It's funny, the more I think about I think this is actually a good reason to host on the cloud. From a technical standpoint it's terrifying to see all these big players down at once. But what the average user likely sees is "something is wrong with the internet". So rather than seeing that your site X is down and users being angry with you, users are probably likely to think "well instagram is also down, oh and so is netflix, something big must be broken, I'll check back later" the same way users don't blame you if the power goes out.
Interesting thought. A couple users may be empathetic because the actual problem is somewhat visible but I'm not sure if that is an real benefit. It is of course a negative perception when they see that youtube is up and then perceive all the down sites as being less technically competent.