Earlier quoted context omitted.
While rare, there have been cases of people losing their paid-for domains too - because a company wanted them and had a lawyer convince the registrar that it should really be theirs (obviously exaggerating), or because the registrar made an error and accidentally put it back on the market etc. These cases are super rare though, Google users getting rekt are much more frequent, that's for sure!
People forgetting to renew happens frequently too. Now what's more rare, Google banning someone for no reason or a person forgetting to renew and losing its domain?
Not that any of the alternatives to DNS have yet proven to be half as reliable, but it's still fascinating how DNS is both simultaneously our best and worst hope for identity "ownership" on the current internet.