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Stock impact report

Loop Golf looks to take the stress out of booking a tee time [TechCrunch]

CarGurus, Inc. - Class A (CARG) 
Last cargurus, inc. - class a earnings: 2/13 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.cargurus.com/investor-relations
Company Research Source: TechCrunch
531 million rounds of golf were played in the U.S. in 2023 alone, according to the National Golf Foundation . Because of this surge in interest, golfers are finding that nabbing a tee time at a public golf course has gotten increasingly difficult. Loop Golf is looking to make the process easier by working as a digital matchmaker. It finds and books tee times for golfers whenever they become available — even if one opens up in the middle of the night. Users tell Loop Golf what their criteria is for a tee time like when they are looking to play, how much they are looking to pay, how far they would be willing to travel to a course, among other things. Loop Golf will then scour the internet and book a tee time that fits that criteria as soon as it becomes available. The company makes money by collecting a 10% fee from each booking. Loop Golf founder and CEO Matt Holder told TechCrunch that he knows the problem intimately. Most golf courses only allow golfers to book up to seven days Show less Read more
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