eBay CEO Devin Wenig Discusses the Future of Business

by: nuggets

Devin is not a moral guy. Hes a wannabe corporate raider. I think he takes joy in smashing mom and pop businesses, even when it loses them money. They just pull revenue temporarily from other streams and cook those books Id bet. I think I hate this guy more than anyone on the planet right now and thats pretty hard. Meditate app my arse.

Watch the next few years when he can sell his shares off. Do you remember when talented people got rich off of good ideas vs race to the bottom raider capitalism? Its been a while. Guys like him are the opposite of elite.

by: unsuckEBAY

"eBay CEO Devin Wenig has been working to raise his profile of late..."

Wenig's jetting about in the eBay corporate-jet-cum-Uber, posing for selfies with state dignitaries, having essays penned for finance mags, ramping-up the interview circuit, and speaking awkwardly about blockchain ("THE blockchain") and Cyrpto ("..blah blah FIAT CURRENCY blah blah...).

And why?

Well because StubHub is about to find a new home, and with any luck the classifieds group to follow not too much longer afterwards.

Wenig was actually quite fortunate to have Elliott come along and provide him with a strat plan of what needs to be done - he clearly had no *#%$ing clue.

The new eBay Marketplace (sans StubHub & Classifieds) is going to need a non-Wenig CEO, so Wenig is going to jettison a-la Donahoe with his massive golden parachute tucked safely in his offshore accounts, and move on to other things (or maybe take a year to 'find himself').

This media blitz and fluffer routine of his making extra-special nicey-nice with MSNBC and Business Insider (and of course many others), is all part of his self-orchestrated ceremonial pomp in order to 'promote his own listing' for better black-book retained executive search firms to net his next cushy deal to further display his incompetence whilst being significantly overpaid.

Well, that's what we hope, anyways.

Fingers crossed!

by: purpleiris

Wenig sure said a whole lotta nuttin in that interview. About the only thing he managed to accomplish with it was to make himself look even more ignorant than he already does.

by: mcposty

Wenig is an idiot supreme.

Also a hypocrite

Talking about ads lol he has no right

Also telling students to learn cide..why bother when Wenig just gets programmers from india

by: Jack

The picture in the lead in makes me sick... this guy has ruined a great business.  

by: Whatever

"Wenig is a pathological liar and a hypocrite to boot."

Question is he friends with Donald Trump?
Was he reading from a teleprompter?  

by: eBay Shill Buster

Devin is dumping out his delusions on Wall Street investors and trying to act like a business leader which he is not, he is selling a delusion to investors is all making a highly false proposition that eBay could dump 100 Billion dollars in business to crypto.

Ebay does not even do 100 Billion dollars with real currency now.

He is talking this trash like he talks eBay payments lunacy, that is going to break millions of small sellers on eBay.

Once the Federal Government smashes the advantages Bitcoin had which was privacy and tax avoidance few will even trade it down the road as it will be outlawed.

But Devin can keep talking because talk is cheap and that is all the man has left, eBay is heading toward total destruction under Wenig and he has to be fired and replaced with a software engineer.

Wenig's ideas for growth for eBay is to clone Amazon, that is not innovation, but he thinks since Amazon market cap is one of the largest in the world that the Amazon model will lift eBay also which is false. In business you have to innovated, trying to copy someone who is better than you in all aspects of the craft leads to failure, that is like trying to compare the Monkies to Led Zeppelin.

by: RKTOYS

The only reason students should learn to code is to be able to write their own software once all of the commercial options are completely ruined.  We're quickly approaching that day between the H1Bs and rental licenses.

by: RKTOYS

I had to laugh at an article I read on LinkedIn today about using blockchain for hiring.  Good Lord, this the the fight I have at my day job.  If you don't track the right metrics, or have good data, or understand what they say, you can throw blockchains, clouds, ITIL, anything you want at it and not get anywhere.

by: gmrichhicks

He fails to recognize that sellers are sick and tired of selling on eBay. eBay is NOT THE ONLY GAME IN TOWN.

by: Mark4

I don't think I have ever seen a bigger con man than Devin Wenig.

by: Disgruntled_Seller

Devin has a headspace problem between the ears. Some of you will know what this means ...

by: eastwestphoto

I hope the board pressures him to FIX all the glitches on eBay or maybe the eBay App?  

by: Snapped

"...hope the board pressures him..."

The 'board' chooses to remain as willfully ignorant of the bilge processes as 'Cap'n Dev' does.  Free drinks, don'tcha know.

by: SANT1N1

The fox prescribing the future of henhouses...