It's like saying that Chipotle having X% chance of tainted food is worse than local burrito places having 2*X% chance of tainted food. It's true in the lens that each individual event affects more people, but if you removed that Chipotle and replaced with all local, the total amount of illness is still strictly higher, it's just tons of small events that are harder to write news articles about.
I think the question then is how much of the Internet has fungible alternatives such that uncorrelated downtime can meaningfully be less impact. If you have a "to buy" shopping list, the existence of alternative shopping list products doesn't help you, when the one you use is down it's just down, the substitutes cannot substitute on short notice. Obviously for some things there's clear substitutes though, but actually I think "has fungible alternatives" is mostly correlated with "being down for 30 minutes doesn't matter", it seems that the things where you want the one specific site are the ones where availability matters more.
A better analogy is that if the restaurant you'll be going to is unexpectedly closed for a little while, you would do an after-dinner errand before dinner instead and then visit the restaurant a bit later. If the problem affects both businesses (like a utility power outage) you're stuck, but you can simply rearrange your schedule if problems are local and uncorrelated.
Just because CF is up doesnt mean the site is