There's also the stability of third party systems: forced deprecations, security EOL, etc. The cert expiration stuff people have been mentioning is in this category too. I wouldn't be surprised if something does slip through the cracks at Twitter in the next 4 or 6mo.
You dont have to push constant updates for a cloud / SaaS product - many chose to - but ultimately you dont have to.
A year of 'no new features' should be something customers and vendor alike benefit from.
Like maybe 8 years later I found out it was still humming along happily, without really even a sysadmin attending to it, on a single workstation using consumer hardware, servicing the company that had grown tenfold in size.
It blew my mind it still just worked all these years.
Today, it's false to assume that fire and forget releasing will work even for standalone Windows binaries.
My friend in college would just go into Wordpress admin panels and the like by using common exploits because nobody updated PHP on their VPSes back then.
As someone who spent most of their career to date as a front-end developer I learned that as long as they have the budget, stakeholders are insatiable. It's just that ten years ago most of their ideas were either technically not feasible or very expensive.
Nowadays browsers are much more capable, so the pressure to produce more features is much greater.
To our own peril, we can do much more now.
You're totally right; if you don't make changes to the software, it's unlikely to spontaneously stop working, especially after that first 6-12 months of "hardening" where bugs are found and patched.
Many people working in tech have never been exposed to a piece of software which isn't being constantly changed in small increments and forced upon end users. People are assuming that software is inherently unstable simply because they never use anything that isn't a "cloud service".
This probably comes off as "old man yells at cloud" but I'm not trying to bash cloud here. The cloud/SaaS approach has a ton of advantages for both consumers and businesses. But the average tech person in their 20s vastly underestimates how stable software can be when you aren't constantly pushing new features.