I wonder if the stock shock today can be blamed on the head of IT at Wal-Mart, who's website overloaded and crashed on Friday morning. There was very heavy promotion suggesting people visit the website on the first day after Thanksgiving to get details on the great deals. Today the stock of the world's biggest retailer plumetted when it revealed Friday had seen disappointing sales.
Walmart says it has solved the glitch - and presumably learned an expensive lesson. Wouldn't want to be their web manager right now....guess it must be outsourced to save costs.