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Bit.ly Raises $10M, Records 40 Billion Clicks!

Discussion in 'Social Networks' started by Chris Munch, Oct 8, 2010.

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  1. #1
    Bit.ly (the URL shortener that most people use on Twitter and Facebook) has raised $10 million more in startup funding and announced its links have been clicked 40 billion times!

    [​IMG]
    [Source]
     
    Chris Munch, Oct 8, 2010 IP
  2. Wulkanen

    Wulkanen Well-Known Member

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    #2
    Pretty cool how a simple service like this can catch on.
    Just imagine if they put an ad on every link, $$$$$. :D
     
    Wulkanen, Oct 8, 2010 IP
  3. Bohra

    Bohra Prominent Member

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    #3
    well now that google is also entering in the same market we dont know if this could decrease the traffic of bit.ly
     
    Bohra, Oct 8, 2010 IP
  4. superfrankie

    superfrankie Well-Known Member

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    #4
    Yes and Google try hogs everyone's profit :mad:

     
    superfrankie, Oct 8, 2010 IP
  5. Bohra

    Bohra Prominent Member

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    #5
    Well they have the power to be a monopoly so why shouldnt they after all they are here to earn profits too
     
    Bohra, Oct 8, 2010 IP
  6. efreed

    efreed Guest

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    #6
    Google's is better - interface is faster, and provides more information JMHO. Go to: Goo.gl and check it out.

    -e
     
    efreed, Oct 8, 2010 IP
  7. misshappy

    misshappy Peon

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    #7
    probably google will take over in this area as i noticed bit.ly has been slow for me lately...either way, that's incredible.
     
    misshappy, Oct 9, 2010 IP
  8. almir2

    almir2 Peon

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    #8
    How the hell are they making money ? Taking some percent of traffic or what ? I never understood that part
     
    almir2, Oct 10, 2010 IP
  9. Chris Munch

    Chris Munch Peon

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    #9
    1. They collect a lot of statistics which is valuable to certain companies. They can sell that information (why do you think Google is making their own service - they want their own data).
    2. They can set up premium and branded bit.ly services for big companies so you can have your own URL shortener with all the fancy bit.ly features, but that will cost money.

    So far they have not pushed very hard with making money and have focused on the product like many successful start-ups do.
     
    Chris Munch, Oct 13, 2010 IP
  10. Domenic Carlson

    Domenic Carlson Peon

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    #10
    That's cool that they focused on the product. It's like Facebook did - they stayed away from monetizing the site until it had a critical mass because they were so afraid of it not being "cool" anymore. Good job.
     
    Domenic Carlson, Oct 13, 2010 IP
  11. Maximo Decimo Meridio

    Maximo Decimo Meridio Peon

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    #11
    I didn't knew about this , when google started this ?
     
    Maximo Decimo Meridio, Oct 13, 2010 IP
  12. almir2

    almir2 Peon

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    #12
    Interesting but I kinda always liked properties that bring money soon :)
     
    almir2, Oct 27, 2010 IP
  13. sawmynaden

    sawmynaden Peon

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    #13
    Yeah, it's like Google doesn't already have enough of our data. :)

    Still, I prefer bit.ly. Got used to it, I suppose.
     
    sawmynaden, Oct 28, 2010 IP
  14. 88dbsakthi

    88dbsakthi Peon

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    #14
    bit.ly offers more detailed reports and custom URL option. I really love their service over Google
     
    88dbsakthi, Jul 26, 2011 IP
  15. Bvandyke

    Bvandyke Member

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    #15
    bit.ly FTW.
    Google's is nice and it's integrated into their other stuff, but it's bare bones compared to what bit.ly offers.
     
    Bvandyke, Jul 26, 2011 IP
  16. Torafox

    Torafox Peon

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    #16
    that's pretty awesome. stories like this are what makes you work harder since anyone can build a site like that, really.
     
    Torafox, Jul 28, 2011 IP