PubSub’s numbered days

Rumours have been flying lately about the demise of PubSub.com, writes co-founder Bob Wyman yesterday:

[...] 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…

I have to admit that I’ve never really figured out what PubSub offers that Technorati, say, doesn’t in terms of search and RSS delivery.

For instance, I have a few PubSub searches set up and get the results via RSS, yet the results are largely the same as those I get from Technorati watchlists I have for the same search terms. So why use PubSub?

Still, it’s sad to see what looks like the imminent demise of a company that has been one of the pioneers in social media services, especially where top-level infighting is being aired so publicly.