Shares have slumped, but Xero doesn’t appear to be losing market share

CEO Steve Vamos admitted UK growth was more subdued than he would like. (Image: Xero)

Thu, 13 Oct 2022

It isn’t news that technology stocks were among the biggest beneficiaries of central banks’ rock-bottom interest rates and money-printing policies.So, it shouldn’t be any surprise that technology stocks are among the worst-hit stocks as central banks around the world raise interest rates to try to quell inflation.Accounting software company Xero’s experience over the past couple of years is no exception.The shares, which only trade on the Australian stock exchange (ASX) these days, peaked at A$157.99 ($177.13) in Decembe...

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