We have collectively agreed to a world where software service providers have no incentive to be reliable as they are shielded from the consequences of their mistakes and somehow we see it as acceptable that software have a ton of issues and defects. The side effect is that research on actually lowering the cost of safety has little return on investment. It doesn't have be so.
> Anyway if you want Cloudflare regulated to prevent this, name the specific regulations you want to see.
I want software provider to be liable for the damage they cause and minimum quality regulation on par with an actual engineering discipline. I have always been astounded that nearly all software licences start with extremely broad limitation of liability provisions and people somehow feel fine with it. Try to extend that to any other product you regularly use in your life and see how that makes you fell.
How to do proper testing, formal methods and resilient design have been known for decades. I would personnaly be more than okay with let's move less fast and stop breaking things.