In my personal views, corporate ownership is mostly a bad thing. Although i can see how some corporations are very user-friendly and will go to great length to service their users. But i can't say Microsoft, who's always been engaged in very user-hostile practices, has a good track record.
Microsoft famously tried to outcompete the Internet via their existing monopoly on Windows with MSN (not just the messenger) back in the day, and have always been super hostile to free-software. They have also, like any corporation, stopped to maintain several services over the years and the fact that beyond their public image they don't have any incentive to keep Github Pages going doesn't inspire me confidence.
The fact that Github Pages were up and running before Microsoft's acquisition of Github is a reason to be worried. There's no money flowing in from that service and it probably costs a fair amount. Despite their "we love open source" statements, i've yet to see Microsoft open-sourcing any significant product (including Github) and specifying/standardizing existing stuff like Github Actions.