(Discussion) Are Expositions or Conventions Shows Dying? via /r/wallstreetbets #stocks #wallstreetbets #investing

First post on this subreddit.

So, my angle towards this topic is, does companies still need to invest in going to conventions? Lately, within the past 2-3 years, since the pandemic, 2 of the most prolific expositions, E3 (Electronic Entertainment Expo), and now SDCC (San Diego Comic Con), are having an exodus of companies deciding to put up their own convention, best case for example is Disney. Or, move their merchandise online. Recently, Sony, Microsoft, and Nintendo have decided to skip E3 and place all their product releases via video streaming.

Will this trend of an exodus go further to lets say….NAIAS (North American International Auto Show), and also CES (Consumer Electronics Show)? Are companies willing to spend more money to put up booths in any of these conventions and possibly even handing product releases without little to no profit at all? Are conventions still one of the best practices in attracting talent for a company?

Like the slow death of retail/brick-n-mortar store outlets in America, we could soon see these shows go out within the next few years. How long? it depends.

Come share your thoughts and discuss.