Twitter has made a new deal with URL-shortening service Bit.ly (which recently raised USD $2 million in investment from angel investment) which will see bit.ly replacing TinyURL as Twitter’s URL-shortener of choice. Twitter users often like to share links that have been shortened using a redirection service like TinyURL to save on the 140 characters they use in their communications. Bit.ly has behind it the startup incubator Betaworks which shares some of the same investors as Twitter.

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