Categories: Tech & Society

Bitly CEO Peter Stern Steps Down

In a statement on its blog today, Bitly has announced that CEO Peter Stern has stepped down as CEO. The reason is that Stern is to “pursue other interests”; further details aren’t known at this time.

Bitly has had a great run till now and have secured close to $23 million in funding till date. The last round was a huge $15 million by O’Reilly, RRE and Khosla.

Bitly was always a cool startup and is very popular for its link shortening service topped with link-tracking analytics. Once the social web took off, everyone wanted to track how their links where doing.

This is what Bitly announced,

Bitly is announcing today that Peter Stern has resigned to pursue other interests.

“Peter has been a key leader and contributor to the Company,” said Bitly Board member Sam Mandel. “In particular he has been instrumental in transforming Bitly into a successful business while growing its unparalleled data set. We are very happy that he will remain a shareholder and supporter.”

We’ll update as we get more details. Sources say that the company is chaning the way it works and in fact a change in what it works. If true, this pivot will actually be a big deal.

Team TechPanda

Recent Posts

What happens to your personal data? How AI ensures your digital footprint stays secure?

Each tap, click, and action in the online world adds to our increasingly vast digital…

3 days ago

The AI Editor has arrived: What Human-in-the-Loop publishing & ecommerce really looks like

Artificial Intelligence is no longer just a futuristic concept in publishing and e-commerce. It’s here,…

7 days ago

After the artist & the writer it’s the developer’s turn to rethink careers as AI starts coding

The artist and the writer have been living in fear of AI taking over their…

1 week ago

Geek Appeal: New gadgets & apps on the block

The Tech Panda takes a look at recently launched gadgets & apps in the market.…

1 week ago

With top engineers from India in hot demand globally, Ness Digital Engineering champions internal pathways to leadership  

India’s tech and IT sector continues to grow, expected to top $300 billion in fiscal…

1 week ago