eBay Appoints Devin Wenig as New President of Marketplaces

eBay has named Devin Wenig, former CEO of Thomson Reuters Markets, as new president of its Marketplaces business unit. The appointment follows the departure of Lorrie Norrington, who left the position a year ago. Wenig, 44, will report to President and CEO John Donahoe. Over the past year, the Marketplaces unit has been undergoing a transformation, and while it represents eBay’s largest division, it faces being eclipsed by eBay’s faster growing PayPal division.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work