Business
Tyro under pressure as activist short seller Viceroy piles on – The Australian Financial Review
Tyro has been forced to place its shares in a trading halt after its terminal outages invited an activist short-seller attack.
Viceroy’s findings came after extensive reporting by The Australian Financial Review that detailed growing anger among Tyro merchants as 10,000 terminals went offline for more than 10 days.
Tyro has said 19 per cent of customers had no working terminals while 70 per cent of customers were unaffected.
Tyro customers were left without a payment platform after an outage.
But Viceroy says its research suggested about 50 per cent of Tyro’s terminals had problems that will require a recall and a capital-intensive…
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