If Libya Falls, What Happens to All Those Twitter bit.ly Links? - TIME.com: "If you're a serious or even occasional twitterer, you may have wondered what the '.ly' at the end of those shortened bit.ly URLs stand for. Well, the answer is Libya. Like '.uk' for United Kingdom or '.jp' for Japan, .ly is a country code top-level domain that serves as an alternative to 'generic' top-level domains such as '.com' or '.net'. So now that Libya is further slipping into chaos, an obvious question arises: what happens to all those shortened links?
Two scenarios: one good, and one pretty bad."