Wal-Mart Stores Inc. (NYSE:WMT) Expanding In Social Media?

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Wal-Mart Stores Inc. (NYSE:WMT) has acquired social media content site Kosmix. Wal-Mart Stores Inc. (NYSE:WMT) Expanding In Social Media? Wal-Mart Stores Inc. (NYSE:WMT), the Bentonville, Arkansas-based multinational retail giant, has acquired social media platform Kosmix, to poke a foot into the social commerce environment. Wal-Mart Stores Inc. (NYSE:WMT) vice chairman Eduardo Castro-Wright said in a statement, "We are expanding our capabilities in today's rapidly growing social commerce environment. Social networking and mobile applications are increasingly becoming a part of our customers' day-to-day lives globally, influencing how they think about shopping, both online and in retail stores." Wal-Mart Stores Inc. (NYSE:WMT) company shares are currently standing at 54.98. Price History Last Price: 54.98 52 Week Low / High: 47.77 / 57.9 50 Day Moving Average: 52.79 6 Month Price Change %: 1.5% 12 Month Price Change %: 2.4%