If you mean that the have succeeded in issuing a stock at 100x earnings, you are absolutely right. This is not, by any measure, a failure for those who funded

If you mean that the have succeeded in issuing a stock at 100x earnings, you are absolutely right. This is not, by any measure, a failure for those who funded FB prior to the IPO. In fact, they are getting paid 100x earnings for the company they own!