Meta Platforms' (NASDAQ: META) stock has rallied by about 180% over the past 12 months and now trades just a few dollars shy of its all-time high. Investors rushed back to the social media giant as its advertising business recovered, and as management expanded its share buyback authorization by $50 billion and initiated a dividend.

That rally lifted Meta's market cap past the trillion-dollar mark for the first time in two years this January, and it's now worth $1.2 trillion. However, Meta is still less valuable than Apple (NASDAQ: AAPL), which has throttled the company's ad sales over the past three years by improving the user-privacy aspects of the iOS mobile operating system.

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Source Fool.com