Live-shopping platform Whatnot just raised $545M at a $20B valuation—nearly double its $11.5B mark from October. Total funding since 2019: ~$1.5B.
The app combines live auctions with social-media-style scrolling. Sellers hawk everything from sports cards and designer fashion to plants and collectibles in real-time shows. Whatnot takes a cut of each sale.
The Wall Street Journal notes some users have become so hooked on the high-pressure auctions they've drained their savings. Meanwhile, eBay is jumping into the live-shopping race.
The app combines live auctions with social-media-style scrolling. Sellers hawk everything from sports cards and designer fashion to plants and collectibles in real-time shows. Whatnot takes a cut of each sale.
The Wall Street Journal notes some users have become so hooked on the high-pressure auctions they've drained their savings. Meanwhile, eBay is jumping into the live-shopping race.