Facebook’s Sitting Tight; Microsoft Deal Extended Till 2011

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