- Dec. 13, 2016
-- Flex Class Holdings Inc. has announced a temporary closure of it's main website due to maintainence issues. The website may open in a week's time around December 20, 2016.
Flex Class which has seen hacker intrution last week assured that no data was compromised, however, the company has shifted its hosting servers back to the United States.
Flex Class which has seen it's valuation crossing US $1 billion has seen heavy selling pressure on the secondary markets. The valuation of the company is currently trailing at US $700 million, a net drop of 30% since its temporary closure, however, the traders are confident that this is a buying opportunity instead of creating a panicky situation. The company's fundamentals are positive.
In a statement issued to the investors, the company has stated that the temporary shut down is common in festive seasons.Flex Class has also assured that new skill building courses will be introduced.
The company is in touch with the content developers and will spend US $2 million in the next two months on account of new course addition.https://www.flexclass.org