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TikTok, Whatnot livestream shopping gains steam in the U.S.

From a warehouse just north of Chicago, Sarah Potempa – celebrity hairstylist and CEO of the viral Beachwaver hair curling iron – keeps thousands of viewers hooked for hours selling products on TikTok live.
This kind of livestream shopping, which has boomed in China over the past decade, is building momentum in the U.S. thanks to social media giant TikTok and live commerce platform Whatnot, which just reached a $20 billion valuation.
Beachwaver did about $8,000 in sales during the first four hours of a TikTok livestream in late July, which CNBC sat in for. She auctioned off limited-edition curling irons as her teenage son DJed behind her; demoed hair care products; and promised viewers she would shave her brother-in-law’s head live on camera if they sold 500 orders.
It was one of hundreds of livestreamed shows that Beachwaver does each year. About a quarter of its $1 million in TikTok Shop sales so far in 2026 originated from livestreams, where the company hosts its own selling shows and works with affiliate creators on the popular social media app.
Beachwaver CEO Sarah Potempa hosts livestreams from the company’s warehouse in Gurnee, Illinois.
CNBC
Reminiscent of the QVC craze of the past few decades, livestream shopping puts consumers in front of hosts who sell products in real time.
Now, QVC is live on TikTok for more than 200 hours per week across seven channels, according to the company, as it prioritizes digital after recently emerging from bankruptcy.
“QVC is a great example of a large established retailer that might have been seen as a competitor to TikTok shop … but in fact they have turned out to be a really successful merchant,” said Patrick Nommensen, president of strategic initiatives for TikTok Shop in the Americas.
Beachwaver got its start on QVC. TikTok and Whatnot have reinvented the wheel.
“Nobody is saying, OK, you have 10 minutes at 7 p.m. and get ready and here’s your 10 minutes and you’re done,” said Potempa. “You definitely need to be on longer on a digital platform, but you really are more in control of the revenue.”
Beachwaver CEO Sarah Potempa uses the company’s namesake product, a patented rotating curling iron.
CNBC
Following in China’s footsteps
The U.S. live shopping industry is forecast to reach nearly $20 billion in sales in 2026, about 35% higher year over year, according to eMarketer industry estimates.
Still, it’s a far cry from the rapid growth that live shopping experienced in China.
Alibaba introduced Taobao Live in China in 2016. Within five years, the market crossed $50 billion, and it’s projected to top $1.1 trillion in 2026, according to eMarketer.
Live shopping has been increasingly integrated into Chinese “super apps,” which are utilized by millions of users and combine features like social media and messaging in the case of WeChat or artificial intelligence assistance, food delivery and travel booking on Alibaba’s Qwen.
“[Chinese consumers] still like stores, but they use the livestream part of the digital experience as the entertainment, the engagement, the inspiration,” said Globaldata managing director Neil Saunders. “In the U.S., we’ve tended to rely traditionally more on stores to fulfill that role.”
Saunders said that’s changing now as younger consumers lean more into live commerce to discover products.
U.S. live shopping winners
TikTok Shop launched in 2023. The company shared exclusively with CNBC that live shopping sales more than doubled in the first half of 2026 compared with the same time frame in 2025.
The number of live shopping sessions increased by more than 60% during the same period, TikTok said, and total live hours grew by more than 80%.
Founded in 2019, Whatnot built its audience on novelties and collectibles. It’s grown rapidly over the past year, doubling its valuation since October. Whatnot ranked No. 8 on this year’s CNBC Disruptor 50 list, which identifies the most promising venture-backed companies.
Whatnot says it’s the largest live shopping platform in the U.S. but declined to share its domestic sales figures. The company told CNBC that a majority of the $8 billion in global sales it reported for 2025 were in the U.S.
“You can have [5,000], 10,000 people on Whatnot or TikTok watching your show at one time,” said Eric Pagan, who sells for brands on both platforms, during an interview in mid-August. “I did a show on TikTok this weekend that was well into six figures … I think what brands are not aware of yet is that that exists.”
Whatnot’s core focus is auctions, where viewers can bid on products in real time. TikTok rolled out live auctions in January.
“It feels like things are really, really clicking and live shopping is becoming a bit more mainstream,” said Whatnot’s chief revenue officer, Armand Wilson. “In year one, it was largely all collectibles. … Now pretty much anyone can download Whatnot and find something for them.”
Whatnot sellers showcasing Funko Pops on the platform.
Source: Whatnot Inc.
Legacy online marketplaces like Amazon, Walmart and eBay also have native platforms for sellers to host live shopping streams, though those platforms aren’t as inherently video-first as social media sites.
Amazon and Walmart declined to comment about their live shopping businesses, while a representative for eBay Live described the offering as making shopping “more human.” All three companies declined to share livestream sales figures with CNBC.
Mark Yuan, a former business development lead for eBay’s live shopping division and now the owner of e-commerce consulting company And Luxe, said legacy marketplaces benefit from the consumer trust that comes with how long they have been around.
“Those are the things you can’t buy with money, but unfortunately, what gives them the advantage also might be their barriers as well,” he said. “Structurally it’s very hard to transform themselves into a discovery-first or content-first [platform].”
The future of shopping?
Where newer entrants are succeeding is in creating forums for like-minded consumers.
Whatnot, which is especially popular for collectibles, says it prioritizes community and has seen success in areas like Funko Pop figurines, Pokemon cards, sneakers and fashion.
“Going into a community, really deeply understanding their problems and building a product around them has been the ethos that I think has gotten us to where we are today and what really differentiates us” said Wilson.
Pagan, the livestream host, said without the trust of your viewers, “there is no point in even being live.”
“Those people are my friends,” he added. “I believe that they know things about me that a normal person on the street wouldn’t know. And we had those conversations on a livestream.”
TikTok Shop logo on a smartphone.
Costfoto | Nurphoto | Getty Images
Marshal Cohen, chief retail analyst at Circana, said livestream shopping helps to bridge the gap between e-commerce and traditional retail.
“You can’t touch and feel the product, but you can hear from others what they think about it,” said Cohen. “[Live shopping] bridges that shortfall of the inability to touch and feel. And that’s always been online’s biggest challenge.”
But the platforms have their own set of challenges. Whatnot and TikTok have had to contend with issues of counterfeit and stolen goods.
For the sellers, leveraging a large platform comes at a cost: Whatnot takes a commission fee of between 4% and 8% of sales depending on the product, and TikTok takes 6% — plus additional payment processing fees.
And, the growing popularity of live shopping has made it harder to compete for eyeballs.
“The biggest challenge really is visibility,” said Globaldata’s Saunders. “You have to make sure that your feed is aligned with the algorithm and that it’s putting you in front of the right people.”
Business
Amazon Stock Extends Losses After FTC Lawsuit Over Ad Practices
Amazon (AMZN) stock extended its losses to a second day early Tuesday, after the tech giant was hit by a lawsuit from the Federal Trade Commission and 22 states over its advertising practices. Amazon stock fell nearly 2% to 255.29 in early trading on the stock market today. Shares fell 2.5% following news of the FTC lawsuit Monday afternoon. Shares…
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Business
Your retention problem is a math problem, and the right agency starts there
Most brands come to YOCTO asking us to fix retention, with the diagnosis already written: onboarding is not landing, the storytelling has gone flat, or the cancellation flow needs rebuilding.
The diagnosis is sincere, and usually wrong. When we open the account, the broken thing is rarely a flow. It is a number: how long it takes to earn back the cost of a customer, what a subscriber is worth once discounts are counted, how the offer is structured at the point of sale.
The most expensive version of the mistake is borrowed maths. A founder watches a famous brand run at a loss for the best part of a year before the money comes back, and concludes this is simply how ecommerce works now. Invisible from the outside is everything underneath that tolerance: a decade of paid-media experience, in-house teams, systems tuned over years, and enough capital to be wrong for a while. Adopt the tolerance without the advantages and nothing dramatic happens at first. The dashboards stay green while the road quietly runs out.
Why changing agencies changes nothing
It is why brands churn through agency after agency and conclude nobody can help. Each new partner is hired to produce deliverables, because that is what the brief asked for. The welcome series is rebuilt, the cancellation page redesigned, and the number that was actually broken sits untouched, because nobody was ever hired to find it. Cycling is rarely evidence that agencies do not work; more often it means the brief bought deliverables when the business needed a diagnosis.
Buy the diagnosis before the deliverables
Invert the purchase. Before anything is redesigned, establish which numbers are out of range: how many new customers start as subscribers, how many leave in the first month, what is lost to failed payments, what a recurring order is worth. At YOCTO we track nine such numbers, and no work ships unless we can say which one it should move. Skio’s published account of our work with Gratsi runs in that order, departing subscribers surveyed before any rebuild: cancellations down 48 per cent, the reactivation rate more than doubled. Loop Subscriptions recorded Evereden’s subscriber acquisition growing eightfold in three months. Neither figure is ours; the platforms wrote the case studies.
None of this argues against help; it is an argument about what you buy first. When you next brief a customer retention agency, ask it to name the number it intends to fix before it shows you a single design. If the answer comes slowly, keep looking. If the diagnosis shows your maths already works, you have learned the problem really is the creative, for less than a year of rebuilt flows. Either way, you stop guessing. For a subscription business, that is the cheapest thing you will buy all year.
George Kapernaros is the founder of YOCTO, the Klaviyo Elite retention agency for fast-growing DTC and subscription brands.
Business
Lowe’s coalition targets 1 million skilled trades workers by 2035
The AI revolution is creating a surge in blue collar jobs for American workers, with tech giants like Meta, BlackRock, and Google investing millions in training for skilled trades.
Lowe’s announced a new partnership on Tuesday with dozens of companies that aims to address America’s shortage of skilled workers by helping to train and develop 1 million tradespeople over the next decade.
The Lowe’s Foundation is partnering with Nvidia, General Motors, AT&T, Bank of America and more through the Building Futures Skilled Trades Coalition, which aims to train and certify 1 million skilled tradespeople by 2035. The cross-sector coalition – billed as the nation’s largest – includes more than 75 businesses, educators, workforce organizations and industry leaders.
Janice Dupré, executive vice president of human resources and chair of the Lowe’s Foundation, told FOX Business that Lowe’s first launched an initiative four years ago that aimed to train 250,000 workers for roles in skilled trades that it was clear that the “problem is so much bigger.”
She noted that the U.S. economy is facing a shortage of 2 million workers in the skilled trades, which is having an estimated impact of $1 trillion per year.
“No one entity can solve this. The Lowe’s Foundation is uniquely positioned because of our success and experience that we’ve had over the nearly four years,” Dupré said. “I believe collectively, with all these wonderful partners coming together, we’re going to solve this for the country.”
META TAPS SKILLED TRADES WORKERS TO POWER AMERICA’S AI INFRASTRUCTURE BOOM

Lowe’s announced a coalition with over 75 companies and other partners aiming to train 1 million skilled tradespeople by 2035. (Chet Strange/Bloomberg via Getty Images)
Dupré said that the flow of new workers into the industry has lagged as younger, working-age adults increasingly opted to pursue college degrees rather than enter skilled trades in recent decades. As a result, “There’s no workforce waiting in the wings for us to fill these jobs that we so desperately need in this country.”
“The skilled trades are continuing to be depleted because for every five people that retire in the skilled trades, only two people are getting introduced into the profession,” Dupré said. “It’s just eroded over time where students have been encouraged to go get their college degree, and no one’s taking over the family business.”
“These are the people that build the homes that we all live in. They restore communities when a disaster has happened, and then they support the infrastructure that our economy and our country so desperately needs right now,” she added.
LOWE’S CEO WARNS AI CAN’T CLIMB A LADDER AS COMPANY MAKES $250M BET ON BLUE-COLLAR FUTURE

Workers can learn to become electricians and other skilled trades through the partnership. (Welcomia/iStock Getty Images Plus)
Dupré noted that partnerships training skilled tradespeople can offer a pathway to in-demand, higher-paying work that can be completed in less time and with less debt than careers that require a college degree.
“When you look at a lot of these skilled trades programs, some of them can take 90 days of training and certification. Some of them that are more in-depth could take up to six months. Very low-cost models are what we have seen in our partnerships that we have that we’re funding,” she explained.
“These are careers you can get into with very low debt. But when you look at master plumbers and electricians, these folks are making six-figures,” Dupré added. “These are not low-paying jobs, these are high-demand jobs.”
BILL GATES OUTLINES THE STAKES OF THE AI ERA: ‘GREATEST EQUALIZER… OR WORST SOURCE OF INJUSTICE’
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| LOW | LOWE’S COMPANIES INC. | 204.70 | -3.35 | -1.61% |
| NVDA | NVIDIA CORP. | 220.78 | +3.23 | +1.48% |
| GM | GENERAL MOTORS CO. | 86.32 | +0.05 | +0.06% |
| BAC | BANK OF AMERICA CORP. | 61.94 | -0.38 | -0.61% |
| T | AT&T INC. | 25.89 | -0.12 | -0.46% |
The rise of artificial intelligence (AI) has drawn new attention to the skilled trades as hands-on roles can be less sensitive to automation. Dupré noted that while “AI is going to transform work no matter what it touches – skilled trades, corporate jobs, and it’s going to have an impact, so we’re all going to have to figure out a brand new way of working.”
“But what’s uniquely beneficial in the skilled trades is that it remains hands-on,” she said, noting that plumbers, electricians and construction workers have to physically perform that work.

Lowe’s launched an initiative nearly four years ago aimed at training 250,000 skilled tradespeople, which helped the company realize the scale of demand for those workers. (Angus Mordant/Bloomberg via Getty Images)
Dupré added that AI buildout itself is spurring demand for skilled trades workers amid the need for data centers and other infrastructure to power it. Furthermore, AI tools can serve skilled trades workers by helping them research issues they may encounter in the course of their work.
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“We don’t think of AI as necessarily replacing, we think AI can actually enhance the skilled trades because it’ll make it easier for people to get hands-on experience, but also being able to leverage AI to give them quicker solutions,” she said, calling the skilled trades a “people business.”
Business
How one investor is playing the school year
Aerial over the University of North Carolina-Chapel Hill
Ryan Herron | Istock | Getty Images
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.
Students are heading back to school across the nation and leasing student housing at a faster clip than they were last year.
For investors, that creates new opportunities, but one leader in the field cautions that the differences in market fundamentals are widening across universities and regional markets.
On a national level, pre-leasing across the Yardi 200 — a curated set of the most important student housing markets, representing 90% of the institutional space — reached 89.1% in July ahead of fall move-ins. That is up from 88.1% in July 2025 but still below August 2025 levels of 89.9%.
According to Yardi, 117 of the 200 markets surveyed in July were at or above their year-earlier pre-leasing levels, but there was significant variation across different markets.
“New supply is increasingly concentrated in large markets, dragging down performance at schools with the most beds and weighing more heavily on national metrics,” wrote Tyson Huebner, director of research at Yardi Matrix, in the report.
Harrison Street Asset Management is one of the largest investors and developers in the sector, with more than $24 billion allocated across 432 student housing properties since its launch in 2005. Its investments total more than 238,000 beds across 200 university markets in North America and Europe.
“Our conviction in student housing is really high, but our conviction in every student housing market is not,” said Mike Gordon, global chief investment officer for real estate at Harrison Street. “Frankly, I think that creates a really interesting investment environment.”
Gordon said there are a lot of investors trying to get access to the sector, but only a limited number of managers with long-term experience in it. Specialization, he said, is more vital than ever, because the differences between university markets have grown quickly due to funding cuts, enrollment and specific student demand.
“Enrollment, applications, selectivity, research funding, student outcomes are increasingly concentrated at many of the leading institutions. Michigan, UVA, UNC, a number of the large public Power Four universities,” said Gordon, referring to the schools that belong to the four major athletic conferences. “Prospective students continue to value strong graduation incomes, alumni earnings, research capabilities, and many of the university markets that we focus on are really operating at or above 95% occupancy.”
He noted that housing supply has lagged enrollment growth at the universities in a number of these markets, specifically citing Virginia Tech, Auburn University and Penn State.
“I think about the best university towns almost like factory towns where the factory is never closing. The university is the factory, and what it produces is intellectual capital. It attracts students, obviously, but also professors and researchers, entrepreneurs, companies that want to be close to that intellectual capital, and everyone needs somewhere to live,” Gordon said.
Harrison Street acquires and develops assets on its own and through public-private partnerships with state universities. It has also been selling some of its assets given rising demand in certain markets.
Earlier this year, Harrison Street sold a 12-property student housing portfolio for $910 million, one of the largest student housing portfolio dispositions in recent years.
Business
Exelixis: ‘Hold’ On Zanzalintinib Subpopulation Miss And STELLAR-304 H2 2026 Data
Terry Chrisomalis is a private investor in the Biotech sector with years of experience utilizing his Applied Science background to generate long term value from Healthcare. He is the author of the investing group Biotech Analysis Central which contains a library of 600+ Biotech investing articles, a model portfolio of 10+ small and mid-cap stocks with deep analysis for each, live chat, and a range of analysis and news reports to help Healthcare investors make informed decisions.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
Thailand’s Visa-Free Stay Drops from 60 to 30 Days Starting September 15, 2026
It is now official. Thailand is ending its 60-day visa exemption scheme and reverting to a 30-day stay for nationals of 60 countries and territories, including the United States, the United Kingdom, Canada, Australia and most of the European Union. The four Ministry of Interior regulations behind the change were published in the Royal Gazette on August 31, setting the effective date at September 15, 2026.
What is changing
Since July 2024, travelers from eligible countries have been able to enter Thailand visa-free for up to 60 days, a scheme introduced to help revive tourism after the pandemic. From September 15 onward, that period is cut to 30 days for tourism purposes. The change affects only the length of stay, not the process itself: eligible nationalities still enter without applying for a visa in advance.
Travelers arriving on or before September 14 remain under the current 60-day rule for that entry, even if their stay extends past the cutoff date. The new 30-day limit applies only to entries made from September 15 onward.
Who is affected
The reform sorts nationalities into several tiers. Sixty countries and territories, including the US, UK, Canada, Australia, France, Germany and most other EU members, receive a 30-day tourist exemption. Two nationalities, reportedly Mauritius and the Seychelles, move to a 15-day exemption, while three others remain on the Visa on Arrival track.
This finalizes a process that had been under discussion since March 2025, when Thailand’s Tourism and Sports Ministry first floated the idea of scaling back the 60-day scheme over concerns it was being used for unauthorized work, informal business activity, and overstays. The Cabinet approved the principle of the rollback on May 19, before the exact terms were settled and published.
The 30-day extension option
The shorter exemption does not fully close the door on longer stays. As was the case before 2024, travelers can apply for a 30-day extension at a Thai immigration office, generally for a fee of around 1,900 baht and a TM.7 application form. That brings the maximum visa-free stay to 60 days in total, down from the 90 days previously available under the 2024 scheme, but only if the traveler completes the extension in person.
Why Thailand is scaling back
Thai authorities have framed the rollback as a response to abuse of the extended exemption, including unauthorized remote work, informal businesses run without a work permit, and cases where the extra time was used to facilitate illegal activity. Industry groups had also raised concerns that the looser 60-day rule made it easier to bypass proper visa channels altogether. The reform comes as Thailand’s tourist arrivals continue to run behind the government’s targets for the year, a backdrop that shaped months of internal debate before the final texts were signed.
What this means for travelers
For a standard two- to three-week holiday, the change makes no practical difference: a passport valid for at least six months, a completed Thailand Digital Arrival Card filed within 72 hours of arrival, and proof of onward travel remain the only requirements. The impact falls mainly on travelers who had grown used to two full months without paperwork. Anyone planning to stay longer than 30 days from September 15 onward will need to either apply for the extension locally or arrange an appropriate visa before departure.
Business
Musk Says Tesla FSD Pothole Avoidance Is Coming Soon, Seven Years After He First Teased This Feature
Elon Musk said this weekend that Tesla’s Full Self-Driving software will soon be able to automatically steer around potholes, reviving a promise the Tesla and SpaceX CEO first made roughly seven years ago that has yet to materialize.
Musk offered the latest update Sunday night, responding on the social platform X to a user who asked whether FSD would eventually be able to avoid potholes. True to his typically terse style, Musk replied with just two words: “coming soon.” The exchange quickly drew attention from Tesla-focused outlets given how long the specific promise has been outstanding.
Potholes remain one of the most persistent and costly road hazards in the United States, capable of damaging tires, wheels and suspension components, and in more severe cases, causing injury to vehicle occupants. Reliable, automated pothole detection and avoidance has proven to be a genuinely difficult engineering problem, requiring a vehicle’s software to identify a pothole under varying lighting and road conditions, estimate its depth, location and overall risk level, and then decide in real time whether to slow down, steer around it, or simply drive through it if avoidance isn’t feasible.
Musk’s pledge traces back years earlier than most casual observers might expect. In 2019, he agreed with a Tesla owner that pothole avoidance would “definitely” improve the driving experience under Autopilot, the company’s less capable predecessor to Full Self-Driving. The following year, in February 2020, Musk responded “Yes” when asked whether Tesla vehicles could eventually create and share “micro-maps” containing data on road features such as potholes and stop signs, allowing the broader vehicle fleet to benefit from data collected by individual cars. Neither capability has become a standard, broadly available feature in the six years since.
Despite that long gap, there are indications the feature may genuinely be closer to release this time. Pothole avoidance has been explicitly listed as an “Upcoming Improvement” in Tesla’s FSD release notes since the company deployed FSD version 14.3 in April, distributed through software update 2026.2.9.6. That version also included a significant upgrade to Tesla’s neural network vision encoder, improving the system’s understanding of three-dimensional geometry and difficult road environments, alongside a complete rewrite of the company’s underlying AI compiler and runtime software, which Tesla said resulted in a 20% improvement in the system’s reaction time. More recent builds, including versions 14.3.4 and 14.3.8 rolling out as part of Tesla’s 2026 Summer Update, have continued to list the feature as pending rather than active.
Some drivers have already reported seeing early, inconsistent signs of the capability in action. Tesla vehicles running current FSD versions have occasionally been observed steering slightly to avoid large potholes, including one documented case in which FSD version 14.2.2.5 positioned a vehicle so that a damaged section of road passed cleanly between its tires. It remains unclear whether the software specifically recognized the feature as a pothole or simply treated it as a generic road obstacle, though the behavior suggests the underlying capability may already be partially functional even without a formal rollout.
Unlike some previous Tesla hardware initiatives, pothole avoidance is expected to be delivered as a pure software update rather than requiring new sensors or components, meaning it should eventually become available across Tesla’s existing FSD-capable vehicle fleet, including older cars running Hardware 3, once the feature is formally activated.
Musk’s latest promise arrives at a notable moment for Tesla’s broader autonomous vehicle ambitions. The company recently expanded the operational area for its driverless robotaxi service in Austin, Texas, marking its first such expansion in some time, as Tesla continues working to establish its Cybercab service amid intensifying competition from rival autonomous vehicle operator Waymo. Musk has a long history of publicly discussed self-driving predictions that have taken considerably longer to materialize than initially promised, a pattern extensive enough that it has been documented at length by outside trackers. Even so, Tesla has continued to make incremental technical progress toward full autonomy in the years since Musk’s original 2019 pothole comments, even if the specific feature he first teased has, until now, remained conspicuously absent from the company’s production software.
Business
GFL Environmental closes acquisition of SECURE Waste

GFL Environmental closes acquisition of SECURE Waste
Business
What to do if you've been scammed
Consumer Expert Harry Kind explains how you could get you money back if you have been scammed.
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