Facebook and Walmart to 'deepen' involvement, won't rollback FarmVille prices just yet
The involvement between Facebook and Walmart is about to get a lot cozier than gift cards in aisle three. Facebook says it wants to "deepen" its connection to Walmart and hopes to learn from the big-box retailer's skill in building a long-term business; that's rather important when the social network is still young enough for the ink to be wet on shares from its initial public offering. To that end, Facebook's entire executive team will meet with Walmart at its Arkansas headquarters on July 20th in the hopes the two companies will be singing kumbaya when all is said and done. Knowing that both companies have taken a bruising in their public images from time to time, we can understand why some might be apprehensive about the idea of any tighter collaboration -- not until they can buy FarmVille harvests for 88 cents, at least.
