Although the market has climbed notably higher today, the XERO FPO NZX (ASX: XRO) share price has been unable to follow suit.
In late trade the accounting software provider's shares are down over 3% to $28.51.
Why are they lower?
Whilst Xero's shares have been in the red for much of the day, the selling accelerated during afternoon trade after its platform went down.
Users attempting to login were greeted with the following message:
"We're currently aware of an issue preventing access to Xero, Xero Partner Tools, and WorkflowMax. Our Product Team is investigating with urgency."
Fortunately it didn't take long for the platform to come back online, but appears to have spooked some investors nonetheless.
No explanation has been given for the downtime at the time of writing.
