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Bit.ly NOT Linked to or Benefiting Libya and Libyan Goverment, Says Bitly

A rumour has been circulating that people should not use the URL shortening service Bit.ly because, the rumour goes, Bit.ly somehow benefits the Libyan government. Other than the fact that the government of Libya gets the registration fee for the domain ($75.00 a year), Bit.ly does not benefit the regime of Moammar Gadhafi.