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eBay CEO: We’re Just Fine in Post-PayPal Era

eBay’s new CEO has a message: eBay doesn’t need anybody’s help in the post-PayPal era. The message from Devin Wenig was oddly defiant given the audience – buyers and sellers gathered for a 2-day Summit in San Jose to celebrate the company’s 20-year anniversary.

“I want to be really clear,” Wenig said. “We don’t want to be like anybody else, and we don’t need anybody’s help. We’re in it to win, but we want to be uniquely eBay. We don’t wake up in the morning and envy anyone else’s business. We don’t want to be anyone else.”

There has been rampant speculation that eBay could be acquired after its breakup with PayPal in July. However, Wenig seemed determined to quash the idea that eBay was weak as a result of the split.

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“As an independent company post the PayPal era, we’re just fine. We’re going to compete, and we’re gonna win, and we’re going to be a vibrant marketplace fighting for our business and yours.”

Wenig told the gathering of users at the Seller Summit that he was laser-focused on small and medium businesses, saying eBay hasn’t even scratched the surface with retailers who haven’t yet gone online. However, the idea of bringing more competing sellers online may not have been reassuring to some of the existing sellers in attendance.

As EcomerceBytes reported on Friday, Wenig made a couple of digs at eBay rival Amazon, saying eBay deeply believed in connecting people rather than foreseeing a future of drones and robots.

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Ina Steiner

Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. Send news tips to ina@ecommercebytes.com.


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