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Facebook now worth more than Walmart

The popular social network, Facebook, is now more valuable than Walmart, surpassing the retail giant in stock price valuation.

Facebook knocked Walmart out of the top 10 list of the highest valued companies in the S&P's 500 index earlier this year.

Walmart, currently valued at $234 billion (USD) has seen its stock on the decline over the last year.  The company has asked investors for patience after its most-recent earnings rpeort showed a 7% profit decline due to its e-commerce expansion.

Walmart's stock has fallen 15% this year as the company tries to keep up with Amazon and other online retailers.