Something tells me Mark Zuckerberg and other Facebook employees might "like" this story.
Facebook's stock rose 3% Tuesday and hit at an all-time high. And the company is now worth more than Walmart.
Facebook's (FB, Tech30) market value is nearly $245 billion -- an amazing feat for a company that has only been around since 2004 and started trading on Wall Street in 2012.
The stock is up more than 11% this year. The recent rally has been fueled by optimism about the company's plans to launch interactive mobile video ads.
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1 comment:
FB was started with seed money from the CIA. It's purpose is to spy on people. They get plenty of secret cash from the government and they're about to get unlimited cheap labor from Asia via TPP. They benefit from insiders, and they need relatively few assets vs. Walmart's giant global footprint that requires constant replenishment and maintenance of equipment and structures. It's not surprising that FB is worth more.
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