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Of course it is. They provide you hosting, since the very beginning of the internet there has been companies providing this kind of service with success and if you wanted and had enough time and funds you could even do it yourself...

Now there's only virtualization on top of that.

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I'm 100% sure OP was looking for a yes no answer relating to uptime, how reliable they are, SLA's, policies, security. Not an explanation of hosting companies.

"Is this new make of car being manufactured safe to drive? How reliable is it?"

"Yes of course cars are safe, cars have existed for over a century. Many cars have been used since the beginning of cars being invented. You could make a car too if you had the money".

See how ridiculous and unhelpful your comment was?

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