Is Pubsub at its end?
Earlier this month we posted about the impending doom of Pubsub. In one of the most public posts by a CEO about the state of their company and the situation that led them there, Bob Wyman of Pubsub paints a not-too-pretty picture:
I can’t deny that things are not going well for us. Our days are numbered. A recent attempt to execute a merger has been blocked and we’ve been blocked from raising equity financing that would allow us to continue to pay salaries and pay off our $3 million in debt. Thus, our “doors” will close soon if we can’t find someone to pull us out of the current situation. Persons with fast access to cash and a desire for some of the industry’s best technology are advised to contact us rapidly…
Matt Craven is the former editor & publisher of The Blog Herald. Currently, Matt is the co-founder of Bryghtpath LLC, a consulting practice located in Woodbury, Minnesota. Matt's presently looking for new blogging gigs. Ping him at matt (at) bryghtpath dot com. You can follow him on Twitter.
The “situation” that got PubSub there, as described in your link above, was a soliloquy by Bob Wyman representing his half of the story.
Blog Herald–(and others like it) if you want to usurp the Mainstream Media then do a better job of what it does well now and present a balanced story.