I'm not saying cloud computing is the solution to every problem, and nor should it be, but calling it a sinking ship is simply absurd.
Frankly, I grow so tired of people thinking everything is a boolean choice. The real problem with the cloud is people who see things as binary statements: "cloud is cheaper", "cloud is more expensive", "self hosting is easier", "cloud is easier", "cloud is more secure", "on-prem is more secure", etc. All of those statements are true just as all of those statements are false. The reality is far more nuanced and it depends entirely on the constraints of your business at that point in time. Such as what engineers / skill sets do you have on your team? Capital to buy hardware, your physical location, the product you're trying to build... etc.
But the problem with nuanced arguments is they're subjective to the immediate problem you're trying to solve. So you cannot debate them with other people as those other people are trying to solve different problems with different teams and different tools. And thus we end up with people posting bullshit blanket statements like "the cloud is a sinking ship" or the linked article that boasts that the cloud is less secure.