Jealous of what? No profits, no business plan, fumbling with the developer platform and with Beacon (or whatever their ad platform was called)

Are you suggesting that Facebook isn't successful?

Facebook is still neither successful or unsuccessful in my eyes. They have yet to turn a profit, but its not clear the company is going to fall off a cliff. They still have a ways to go.

I am concerned they are still raising tons of money and burning through it so quickly.

As a business, it's certainly not a success.

It gets massive number of page views, and is very popular, but business isn't a popularity contest. If you can't figure out how to make money, you're not a successful business.

No, he got it about right.