Whatnot Live Shopping Hits $20B Valuation as US Sales Surge
Culver City startup Whatnot hit $8B in 2025 live sales and a $20B valuation, overtaking TikTok's US livestream sales as overspending concerns grow.
Social commerce is the practice of buying and selling products directly inside social platforms and creator-driven apps. Instead of sending shoppers from a post to a separate online store, these platforms put product discovery, entertainment, and checkout in one feed or livestream. Formats range from shoppable short videos and creator storefronts to live shopping broadcasts, where hosts demonstrate products, answer questions in real time, and sell to an engaged audience.
The category has moved from experiment to serious commercial competition. Video-first platforms are building full retail stacks, including payments, fulfillment, and seller tools. Dedicated live-shopping marketplaces are attracting significant investor attention. Established social networks are rethinking how shopping fits into their apps, often leaning on AI to personalize recommendations and automate parts of the buying journey.
For brands and independent sellers, the shift raises practical questions. How much control do they keep when a platform offers to run their marketing or operations? What do fees and visibility look like on each service? Is live selling worth the time and production effort? For consumers and regulators, it brings up concerns about product quality, data use, and the growing overlap between content and advertising.
This hub tracks the business and technology of shopping on social platforms, including:
Culver City startup Whatnot hit $8B in 2025 live sales and a $20B valuation, overtaking TikTok's US livestream sales as overspending concerns grow.
TikTok Shop's global sales passed $50B in H1 2026, while Instagram swapped in-app checkout for Reels affiliate links, live ads and AI shopping agents.
TikTok Shop is piloting a US managed service that runs sellers' ads, creators, listings and AI video for a $10,000 fee plus a 10–20% commission on each sale.
TikTok says US live shopping sales more than doubled in H1 2026, but live's share of Shop sales fell. Instagram dropped live checkout and now sells live ads.
TikTok Shop is piloting a US managed service that runs sellers' ads, creators and content for a $10,000 fee plus a 10–20% revenue cut, starting August 2026.
TikTok launched an AI shopping assistant and one-click checkout, and Best Buy joined TikTok Shop, as US social commerce sales are forecast to pass $100B in