Whatnot Has Ridiculous Potential. Especially Right Now. (But leadership is dropping the ball) And I Say This Because I DO Love The Platform.
Whatnot has a massive moat because live selling psychology is incredibly powerful... nothing beats the high contrast, high energy adrenaline of a live "hit" culture stream. But right now, the platform is treating itself like a short-term acquisition play rather than a premium, scalable marketplace.
They are dumping ungodly amounts of cash into advertising and onboarding massive influxes of new users (Example - David Dobrik is being paid to run whatnot ads) while completely starving the infrastructure that keeps veterans and dedicated communities alive.
Look at what they are completely ignoring to fund those ads -
Community Hubs - Why do I have to send my community to a separate app to build an identity, share inside jokes, and build anticipation for future drops? We need an in-app feed, a collectible showcase profile, or a way to keep the culture alive when the camera is off.
Professional Seller Dashboards - If you want premium sellers to treat this like a real business, stop giving us elementary-school tier financial data. Give us granular, actionable performance metrics directly in the dashboard.
HUMAN Support for High Value Ecosystems - Copy & paste macros don't cut it when thousands of dollars in high end collectibles are on the line...
They have the money to fix this. They are just choosing to spend it on ad impressions instead of product engineering. It's a massive missed opportunity for a platform that could easily dominate the future of ecommerce if they actually listened to the people keeping the lights on.
Again, I say this all with love for Whatnot. I WANT to see these things happen and see the app thrive because it sucks seeing big names moving to more generalized live selling on places like ebay. Im unsure which platform it was so here a "trust me bro" statement, I've already seen users on other live selling platforms receive things like a trophy or plaque for reaching the 10k follows milestone or 1k sales etc.