Well, if the status page says they are up do the SLAs really apply? (half kidding, this seems like an oracle thing to do)
My error notifications were blowing up my phone, the first thing I did is check their status page and assumed issue is within my application, and I couldn't even access my backend application. Out of desperation, I had to check downdetector to confirm the issue. I have formed new respect for downdetector.
2. Previous point is ignored very often and outage is only made public when major clients or news organizations take notice and inquire.
It was before Oracle cloud but I literally was told to do things like that.
Surprisingly azure is very open with outages of all services big and small in my experience, and notifies if any service our tenant is using is impacted.