[dalbasal]

Did all of that go into running FB? No cash outs for early employees/investors?

In any case, that is still a small portion of their eventual market cap (2%). Also, they had it. It was cheap money. Why not spend it. If they didn't have it, they may have had to create a revenue stream or control costs a little. Running for years before considering revenue or cost control is a luxury.

When you're cashed up, you get spendy.

But, point taken. It's all matter of degrees. It did cost something to make FB. It just wasn't much compared to most companies its size.