Facebook Join the Giants

Facebook is now bigger than Walmart, 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 on Monday and the gap widened on Tuesday.

Facebook Inc. was valued at $242.7 billion as of late morning trading, its share price up more than two per cent at $86.59 - an all time high.

Meanwhile, Wal-Mart Stores Inc., which has been in the top 10 since 1998, was valued at $233.8 billion, its stock price down 21 cents at $72.58.

What an initiative. ...