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Do you get the source code? As far as I can tell no. So you can't check and shouldn't rely on it. It is provided by a company "for free", i.e. you don't have to pay with your money, right? How should a company work in capitalism without profit? You have to assume they are analyzing your data and behavior and share this information with others. So even if the client is safe and respecting your privacy, you can never know whether the server is.

You may want to try owncloud instead. It's free software and known to work.