Meta Platforms (NASDAQ: META) has been a fantastic investment historically. Despite bouts of gut-wrenching volatility, shares of the tech titan have skyrocketed 1,150% since their initial public offering (IPO) in late 2012. This gain easily outpaces the broader S 500.

Existing shareholders, as well as those who might not have ever owned this "Magnificent Seven" stock, might be wondering if Meta has the potential to make them a millionaire in the future. If getting to a seven-figure net worth is your goal, then continue reading to see if this company's shares deserve a place in your portfolio.

One sign of a great business is the presence of an economic moat, a single trait or combination of traits that protects a company's industry position, while at the same time allowing it to produce strong fundamental performance for extended periods. Meta easily falls into this category.

Continue reading

Source Fool.com