Word: auctioned
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Dates: during 2010-2019
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...eBay and Yahoo both made investments of years and millions upon millions of dollars to tap the fast-growing Internet generation in China, and like Google, they could not gain traction. Both companies ended up pulling the plug on their China ventures, with eBay losing out to domestic Chinese auction company Taobao, and Yahoo ceding its operations for an ownership stake in Alibaba.com (which also controls Taobao). (See the top 10 internet blunders...
...pictures from Yves Saint Laurent's art auction...
John Burns, president of John Burns Real Estate Consulting, is a bit more bearish, predicting foreclosure notices will rise to 3.1 million this year. Foreclosure notices include default notices, auction-sale letters and bank-repossession notices. But those notices may produce a far more damaging result than last year's. "I think 50% more people will lose their homes to a bank this year than they did last year," predicts Burns. (See questions and answers about retirement...