At Tier 1 Investments, I seek out and invest in elite businesses. These include companies with the most valuable brands, best management, superior products and services, and strongest competitive advantages.

Google (GOOGL 0.35%) has been a stalwart at Tier 1, but Facebook (META 1.54%) does pose a threat. Enough to knock it off its perch? Doubtful. But perhaps enough to bring Facebook up to Tier 1 status if it can reach a few more milestones.