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

How AI is Changing Business: Hybrid AI is Coming

Lenovo and NVIDIA are pushing AI into its next phase, scaling real-time, production-ready systems that…

1 day ago

AI & the workplace: AI is changing the way we feel about our jobs

AI is changing how work gets done. It’s also changing how people feel about their…

1 day ago

Funding alert: Tech startups that raked in moolah this month

The Tech Panda takes a look at recent funding events in the tech ecosystem, seeking…

1 day ago

Kryterion and Automattic are changing what it means to be a professional WordPress developer

A question that has quietly frustrated WordPress developers and the businesses that hire them for…

2 days ago

Skilling & Upskilling the Workforce: EntertainmentTech, Fintech, Software Engineering, Sustainability & CSR

The Tech Panda takes a look at the efforts at skilling, upskilling, and reskilling in…

2 days ago

Cybersecurity in the Age of AI: Why India Must Build Talent, Not Just Tools

India’s digital transformation is accelerating at an unprecedented pace. From digital payments and e-governance platforms…

2 days ago