https://www.startupdaily.net/topic/b...n-valley-bank/
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Thanks Valuegrowth. I was wondering about Xero's exposure to SVB. It appears it is about US$5m, or less than 1% of their cash. But given Biden's promise to pay all, the exposure could simply be a timing issue (of access to the cash) rather than a loss.
https://www.accountantsdaily.com.au/...s-shareholders
Thank you Ferg. We will have to do our own research to find out the true story.
https://www.theguardian.com/business...uk-tech-sector
There's really no need to post the annual report here so just look at the price now :t_up:
Saw this announcement today...
Xero, the global small business platform, today unveiled at Xerocon London, groundbreaking technology underpinning its upcoming AI-powered smart business companion Just Ask Xero (JAX).
The proprietary technology helps ensure greater accuracy while using AI in the accounting process.
JAX, available in beta in August, will help small businesses and their advisors run their business more efficiently.
Customers and accounting and bookkeeping partners will be able to ‘Just Ask Xero’ to complete tasks like generating an invoice or editing a quote, either in Xero or other commonly used apps and devices that businesses use day-to-day, such as mobile, WhatsApp and email.