Business
Tyro targeted by short seller as outage continues – Sydney Morning Herald
Beleaguered payments technology company Tyro is being targeted by short seller Viceroy Research which claims Tyro’s technology problems laid bare in an 11 day long…
Viceroy’s report was published at 11am on Friday, and Tyro announced it had requested a trading halt for its shares at 11.49am.
The fintech’s share price fell from $3.34 on January 5, when outages first started being reported, to $2.32 by Friday.
“Tyro has singled itself out as the most unreliable and technologically inferior fintech in Australia,” Viceroy’s report states. “It has no disaster recovery plan and has left businesses, including medical facilities, without any means to collect payment…
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