Does the Fastly outage justify “Single Point of Failure” headlines?

Screengrab from 12:30 Central European summer time on 8th June 2021, showing line graphs indicating detected issues affecting multiple big name internet sites including Google, Amazon, eBay, Spotify, the UK government, and many others.
Source: DownDetector.com, 12:30pm central European summer time, 8th June 2021.
Google stock chart for Fastly, showing a brief dip in price after the outage, changing to a significant rise throughout the day of the events.

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