Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores in the United States, headquartered in Bentonville, Arkansas. The company was founded by brothers Sam and James "Bud" Walton in nearby Rogers, Arkansas in 1962 and incorporated under Delaware General Corporation Law on October 31, 1969. It also owns and operates Sam's Club retail warehouses. As of October 31, 2022, Walmart has 10,586 stores and clubs in 24 countries, operating under 46 different names. The company operates under the name Walmart in the United States and Canada, as Walmart de México y Centroamérica in Mexico and Central America, and as Flipkart Wholesale in India. It has wholly owned operations in Chile and a majority stake in Massmart in South Africa. Since August 2018, Walmart held only a minority stake in Walmart Brasil, which was renamed Grupo Big in August 2019, with 20 percent of the company's shares, and private equity firm Advent International holding 80% ownership of the company. They eventually divested their shareholdings in Grupo Big to French retailer Carrefour, in transaction worth $7 billion and completed on June 7, 2022. Walmart is the world's largest company by revenue, according to the Fortune Global 500 list in October 2022. In February 2023, Walmart announced that its FY2023 total revenue was $611.3 billion. Walmart is also the largest private employer in the world with 2.2 million employees. It is a publicly traded family-owned business, as the company is controlled by the Walton family. Sam Walton's heirs own over 50 percent of Walmart through both their holding company Walton Enterprises and their individual holdings. Walmart was the largest United States grocery retailer in 2019, and 65 percent of Walmart's US$510.329 billion sales came from U.S. operations. Walmart was listed on the New York Stock Exchange in 1972. By 1988, it was the most profitable retailer in the U.S & it had become the largest in terms of revenue by October 1989. The company was originally geographically limited to the South and lower Midwest, but it had stores from coast to coast by the early 1990s. Sam's Club opened in New Jersey in November 1989, and the first California outlet opened in Lancaster, in July 1990. A Walmart in York, Pennsylvania, opened in October 1990, the first main store in the Northeast. Walmart's investments outside the U.S. have seen mixed results. Its operations and subsidiaries in Canada, the United Kingdom (ASDA), Central America, South America, and China are successful, but its ventures failed in Germany, Japan, South Korea, Brazil and Argentina.
https://www.youtube.com/watch?v=Y0tyE739pK4
The Poor Farmer Who Created Walmart
Wardenclyffe Tower (1901–1917), also known as the Tesla Tower, was an early experimental wireless transmission station designed and built by Nikola Tesla on Long Island in 1901–1902, located in the village of Shoreham, New York. Tesla intended to transmit messages, telephony, and even facsimile images across the Atlantic Ocean to England and to ships at sea based on his theories of using the Earth to conduct the signals. His decision to increase the scale of the facility and implement his ideas of wireless power transmission to better compete with Guglielmo Marconi's radio-based telegraph system was met with refusal to fund the changes by the project's primary backer, financier J. P. Morgan. Additional investment could not be found, and the project was abandoned in 1906, never to become operational. In an attempt to satisfy Tesla's debts, the tower was demolished for scrap in 1917 and the property taken in foreclosure in 1922. For 50 years, Wardenclyffe was a processing facility producing photography supplies. Many buildings were added to the site and the land it occupies has been trimmed down from 200 acres (81 ha) to 16 acres (6.5 ha) but the original, 94 by 94 ft (29 by 29 m), brick building designed by Stanford White remains standing to this day. In the 1980s and 2000s, hazardous waste from the photographic era was cleaned up, and the site was sold and cleared for new development. A grassroots campaign to save the site succeeded in purchasing the property in 2013, with plans to build a future museum dedicated to Nikola Tesla. In 2018 the property was listed on the National Register of Historic Places.
https://www.youtube.com/watch?v=lpFgvGeEQlA
Forbidden Technologies and The Silencing of Their Inventors
https://www.youtube.com/watch?v=6B7kjtbY0c4
Tower to the People: Tesla's Dream at Wardenclyffe