You fail to understand that the reality was a massive industry-side problem that got taken care of before it could blow up. That the issue got miscommunicated to the consumers as somehow being an issue for them too doe not make it “blown out of proportion”, it makes it a miscommunication.
No, it is not. Left-pad DID break the internet. That the break was contained before it could propagate and affect consumers does not negate the fact that it was still a serious break.