Cloud/Subscription Based Software

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After a little bout on FaceBook, AD directed me to post here...
And my complaint is of the lack of perpetual licensing... and a solid product that will last for years and let you succeed with your company, without this yearly overhead...
While I DO see some benefits to cloud services.... It's much easier and cheaper to sculpt your own web accessible content...
And a bigger bargain, is the fact that your IP(intellectual property) resides on someone else's server... Has anyone read the EULA?
Did Apple pay all the Hollywood actors for their breach? Has anyone been paid for the Equifax breach? No... because users do not read the EULA, and realize that your data is NEVER secure, and if their servers are compromised, you have nothing to protect your IP...
This is nothing but an IPO that has their backers promoting this junk....
IMO... If you are developing, keep your IP safe at home.... And not pay yearly subscriptions.... A quick Google search will show how the product is starting to suck....