Topgolf Callaway Faces Valuation Drop, Shares Down -2.83% Amid High Costs

Topgolf Callaway Brands is facing significant challenges, with its current valuation falling below what Callaway paid to acquire Topgolf. Investors are expressing concerns over the high costs associated with playing at Topgolf venues, which are reportedly double the cost of playing a round of golf on a traditional course. These financial strains are impacting the company's performance, with shares dropping -2.83%, and raising questions about the viability of the food-and-games business model that Topgolf represents. Duffers, or less skilled golfers, are also contributing to the negative sentiment among investors.