Closest thing to true “serverless”: entire MVC app (Django/Rails/Laravel) in the browser with WASM and data persistence by SQLite over CDN.
All the server has to do then is serve binaries, all the business logic is in the client.
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All the server has to do then is serve binaries, all the business logic is in the client.
Anything that requires sharing information with other users is also a pain in the neck, as you basically need to treat your internal logic like a proprietary, potentially hostile, file format.
There are situations where it's relevant, but I don't think it's as many as you say