The $1 trillion club is home to just five companies at the moment: 

And there's one company on the brink of rejoining them. Meta Platforms (NASDAQ: META) is the parent of popular social media applications Facebook, Instagram, WhatsApp, and the brand-new Threads. Meta was in the $1 trillion club in 2021, but last year's brutal sell-off in the tech sector wiped out more than 76% of its value from peak to trough.

2023 has been a different story, with the stock rocketing 145% so far, which now values the company at $786 billion. It's still trading below its all-time high, so it will need to rise another 27% or so to enter the $1 trillion club once again, and I think its new Threads platform combined with its recent initiatives in AI hold the keys to getting there. Here's why. 

Continue reading

Source Fool.com