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eBay’s Devin Wenig on Tech’s Destruction … and Humanism

“While tech is sometimes thought of as a sector or a niche, it’s increasingly clear that tech is the economy and tech is the transformative force,” says Devin Wenig, president of eBay’s global e-commerce business. As tech reinvents industries, jobs, and processes, and changes how people work and act, companies that want to succeed must learn to accept creative destruction. “Any time you go through a disruption, you end up with winners and losers,” said Wenig, who joined us at a Techonomy dinner salon in San Francisco. “But I do believe it’s a positive-sum game,” he added. And he says that in this game, humans, not just machines, are winning. “I don’t think the world coming is all full of drones and robots…. It can be amazingly humanistic,” Wenig said. “It’s about connection; it’s about allowing people around the globe to get closer; it’s about allowing people on opposite sides of supply and demand to meet each other, who never would have had the opportunity.”

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