The term 'Auction Web Site' can be summarized as Ebay, a four-letter word. Ebay is an American multinational e-commerce corporation based in San Jose, California that facilitates consumer-to-consumer and business-to-consumer sales through its website. It was founded in 1995 and became a notable success story of the dot-com bubble. Ebay allows users to buy and sell goods and services worldwide, and it has become one of the most popular online auction websites.