Word: auctions
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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...
...related tweets reached 5,000 per minute the day he died; Twitter was so overwhelmed that some users couldn't get into their accounts. Wikipedia buckled temporarily after hundreds of edits were made to Jackson's page. Across the Internet, more than 24,000 Jackson collectibles were offered for auction or sale. Jackson was crowned the King of Pop back before new media helped crack the monolith of radio pop into innumerable subgenres, from hip-hop and house to praise rock and adult contemporary. But the old-media monarch showed, one last time, that he still reigned: the world stopped...
...that his mother had sued him, Borja's lawyers wrote, the scion no longer finds any "moral impediment" to prevent him from doing the same. In which case one of the greatest collections of European art in the world could soon find itself on the auction block...