Originally Posted by
Shore
Dismayed by the journalism in this country. Every article leads with "Loss-making Xero", "Losses widen" etc. It's as if they've forgotten why it is Xero is making a loss : because they are pursuing a growth strategy. They could have ejected for safety a long time ago and be content with NZ & Australia and build a respectable business confined to this region... but they've declared from the outset they wanted to build a global business and they were serious about doing that, and if you're serious about it then you have to spend money. The management of Xero have been there and done that and know what it takes to execute and succeed... yet the articles are pumped ad nauseum with the "NEWS" that Xero's losses have grown.. as if this was completely unexpected and investors should be running for cover???? Do any of these journalists follow the Xero story? Do they understand what is going on or are they just after the best headling-grabbing page views they can get?
When Xero dual listed on the ASX it was like a lung transplant.. TBH the sooner the NASDAQ comes the better so it can truly break free of some the small-minded reporting & exposure that's been going on for years in this country.