{"id":646239,"date":"2013-03-11T15:50:15","date_gmt":"2013-03-11T19:50:15","guid":{"rendered":"http:\/\/gigaom.com\/?p=619328"},"modified":"2013-03-11T15:50:15","modified_gmt":"2013-03-11T19:50:15","slug":"bit-ly-says-ceo-peter-stern-is-stepping-down","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/646239","title":{"rendered":"Bit.ly says CEO Peter Stern is stepping down"},"content":{"rendered":"

Bit.ly<\/a>, the data company best known for helping its customers understand who is clicking on their links<\/a>, announced Monday that CEO Peter Stern<\/a> will be stepping down. The company did not give much explanation for Stern\u2019s departure in a short blog post Monday:<\/p>\n

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\u201cBitly is announcing today that Peter Stern has resigned to pursue other interests.\u00a0\u201cPeter has been a key leader and contributor to the Company,\u201d said Bitly Board member Sam Mandel. \u201cIn 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.\u201d\u201d<\/p>\n<\/blockquote>\n

Stern was previously the founder and CEO of Zenbe, a mobile and web-based collaboration service that was acquired for talent by Facebook in 2010<\/a>.<\/p>\n

Bit.ly released a new API in January<\/a> to allow companies to track the flow of news and information on Twitter and across the web, and has been focused on providing more real-time analysis. We\u2019ll be talking about some of the challenges associated with real-time data at our Structure Data conference next week in New York City<\/a>.<\/p>\n

\u201cBit.ly is in a great position to see this kind of social data. We see a slice of what people are sharing and reading across the social web. So this is a way to start to put that power in the hands of people who can build interesting things with it,\u201d\u00a0\u00a0Hilary Mason, Bit.ly\u2019s chief scientist<\/a>, said in an interview in January.<\/p>\n

Bit.ly is a company that grew out of Betaworks<\/a>, and it\u00a0shortened 8.4 billion links in 2012<\/a>.\u00a0Bit.ly raised $15 million led by Khosla Ventures this summer<\/a>\u00a0and has rasied\u00a0more than $28 million in total.<\/p>\n

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