Walmart Buys Facebook App, Social Calendar

Retail Giant Walmart, Adds Facebook App Social Calendar to its list of Acquisitions
Retail giant Walmart, adds the Facebook app, Social Calendar, to its list of acquisitions. Social Calendar, was founded by Raj Lalwani and David Gordon, is an app that allows a Facebook user to birthday and holiday reminders by email and SMS, and to send and post virtual gifts and greeting cards to a friends wall on their birthdays. This is a good buy for Wal-Mart Stores Inc. because this app boasts of 5 million installed users and around 400,000 monthly active users.
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