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It s awful : Tyro scrambles to fix outages, hits back at short seller claims
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ASX-listed payments technology company Tyro has hit back at false short seller claims about its technical problems as it continues to scramble to fix outages that have been ongoing for two weeks.
Tyro resumed trading on Tuesday after entering a trading halt on Friday following the publication of a report by short seller Viceroy Research claiming outages with its payment terminals affected up to 50 per cent of its customers.
Tyro prepares response to short report
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Staff at ASX-listed payments company Tyro spent the weekend trying to fix its terminal outage problem, while executives are preparing a response to an activist short-seller report published on Friday that claimed the problem was worse than the company has admitted. Our focus remains getting all our impacted merchants back up and running as soon as possible and we are making strong progress in returning functioning terminals to our customers, chief executive Robbie Cooke said in a statement to
The Australian Financial Review. We will provide an update to our customers and the market tomorrow [Monday] on our recovery efforts, alongside our response to the false assertions made against Tyro on Friday.