FIrst you have, by injecting it into a conversation over OTC securities, so why bring it up as justification of greed.
Second, FB sold ownership into an established business with millions of users, million of revenues and of course the greatest social network. To gain ownership that means you have to buyout those who have already risked it all and have it.
Where it all went wrong is how the lead banks handled matters and the NASDAQ. Other than that it is a poor argument of insider enrichment, no kidding they already built it and risked it all, completely different than building from the ground up and asking for money. The majority of risk was already taken
Development stage companies in the OTC however have no business and yet carry on as if they do, huge difference. I am all for the huge risk argument but let's face reality here, there is absolutely no transparency with the main currency here which is shares and the illegal issuance of them.