It's kinda nice because you're just putting up VMs and there's not the type of vendor lockin you get with AWS/Azure/Google. That being said, DO is obviously trying to compete on that scale now. It has managed databases to compete with RDS, load balancers, and even managed k8s.
They want to be a real AWS alternative, but when you start building around these components, you get locked in. If they're laying off people, it could adversely affect startups thinking of building around their services.
And for people who think "Well I can just use another terraform provider" .. it really is not that simple at all. AWS/Azure/Google/DO are all very different. They have vastly different terraform providers/modules and you're pretty much writing an entirely new setup per each provider because of they way they handle firewalls, security, IPs, inbound-outbound, etc. The OpenStack API or any type of real standard has yet to emerge that branches all these offering. If you want "cloud" hosting (and most do because managing your own Postgres/MySQL clusters with backups and failover is a fucking bitch; especially if you're just starting out and want to get going fast), you need to realize you might need to be locked in very early in the game.