This is true, but tape lasts much much longer. I know people have issues with floppies, but I wonder if that is more to do with dirty floppy drives that need to be cleaned, and the fact that it's harder to use tape for digital storage vs analog as you have to read encoded signals and convert to digital values vs having a few small dropouts on a cassette recording or a vhs.

Floppies are really just tape in a disc format, and use heads to read high and low signals and deduce the 1s and 0s.

It stands to reason they should last quite a long time considering audio/video/data tapes can last over 50 years.