Facebook bigger than Wal- Mart
Facebook is now bigger than Wal- Mart, at least when it comes to its value on the stock market.
The world’s biggest online social network knocked the world’s largest retailer out of the top 10 list of the highest- valued companies in the Standard & Poor’s 500 index.
Facebook Inc. was valued at $ 238 billion at the close of trading Tuesday, according to FactSet. Its stock gained $ 3.14, or 3.7%, at $ 87.88.
Wal- Mart Stores Inc. was valued at $ 234 billion. Its stock dipped 22 cents to $ 72.57.