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

Remote working is bringing about a leadership evolution

It was COVID-19 that truly heralded in remote working culture, and ever since, workdays have…

1 day ago

As US restrictions blow the chip industry where will the chips fall?

As tensions between global superpowers escalate, semiconductors, those tiny chips powering everything from smartphones to…

3 days ago

AI Launches: Fashion, EdTech, speech tech, monitors, fintech, data, trading, cloud, AI defense & model

The Tech Panda takes a look at recent launches in the superfast field of Artificial…

4 days ago

6 Automation tools every 2D animator should master in 2025

As the animation industry continues to evolve, automation is becoming a critical ally for 2D…

4 days ago

Can you really find parking in 5 minutes? Tech promises a breakthrough in Delhi-NCR

If you’ve ever circled endlessly in Delhi-NCR’s crowded streets, searching for a parking spot while…

1 week ago