A decent story on Facebook and its decision to remain independent: some details which have been covered in previous stories, and some new ones. Among them, Facebook is on target to generate $100 million in revenues this year. The company has raised about $38.5 million.
A new detail: Facebook struck its first major financial partnership last summer with Microsoft, which reportedly guaranteed to deliver about $200 million in ad revenue through 2008. CEO Mark Zuckerberg said the advertising contract with Microsoft recently had been extended through 2011. Terms of the extension haven’t been disclosed.
Meanwhile, two other sites mentioned, Metacafe and Photobucket, also fielded acquisition offers, but decided to remain independent, at least till now.