Shared hosting is like you are living in a room with a lot of friends. It means you must fit in the same room and you must split the cost of several things because it is affordable and cheap. However, several individuals are sharing the same space, it means everyone needs to live within a space with restricted resources among them. You will have to use the same things (that sounds a little unhygienic).
Typical Use Case: Early stage startup workloads, quick prototypes, prelaunch experimentations, dev/test environments, microservices node, code repositories, dedicated application servers for light workloads. Resource intensive workloads like data aggregation, gaming front-ends, video encoding, high performance computing, batch processing. Also see our managed services for Startupreneurs.