Facebook is now bigger than Wal-Mart, at least when it comes to its value on the stock market. Facebook, which is based in Menlo Park, California, has been on a roll this past year, its shares up about 34 percent in the past year compared with just 8.2 percent for the S&P 500 index. Its quarterly results have consistently surpassed expectations. Bentonville, Arkansas-based Wal-Mart, meanwhile, asked for investor patience after its most-recent earnings report showed a 7 percent profit decline due to the effects of the strong dollar and higher worker wages and spending on its online operations.
FACEBOOK OVERTAKES WALMART
