{"slug": "tech-stocks-today-anthropic-s-huge-haul-meta-trial-to-kick-off", "title": "Tech stocks today: Anthropic's huge haul, Meta trial to kick off", "summary": "Anthropic's preliminary quarterly revenue surged 14-fold to $11.5 billion from $787 million a year ago, according to Bloomberg, as the AI lab prepares for an IPO in September or October with investors targeting a $2 trillion valuation. Meanwhile, Meta Platforms faces a trial in Oakland, California, where 29 state attorneys general allege the company deliberately designed its services to keep children online and cause psychological harm.", "body_md": "Tech stocks were higher in pre-market action Monday, with the Nasdaq climbing 0.27%.\n\nAnthropic is reportedly pulling in huge revenue numbers. [According to Bloomberg](https://www.bloomberg.com/news/articles/2026-08-14/anthropic-revenue-ahead-of-ipo-surges-over-14-fold-in-second-quarter), the company saw its preliminary quarterly revenue jump 14x to $11.5 billion from $787 million a year ago.\n\nThe AI lab is preparing to go public in September or October, [and The Financial Times reports](https://www.ft.com/content/840ac156-af1c-4a82-b260-ae791072fcfa?syn-25a6b1a6=1) that investors are targeting a $2 trillion valuation.\n\nElsewhere in tech, Meta's latest social media addiction trial kicks off in Oakland, Calif. Tuesday. A collection of 29 state attorneys general are suing the social media giant over claims that it purposely developed its services to keep children online as long as possible and caused psychological harms.", "url": "https://wpnews.pro/news/tech-stocks-today-anthropic-s-huge-haul-meta-trial-to-kick-off", "canonical_source": "https://ca.finance.yahoo.com/news/tech-stocks-today-anthropics-huge-haul-meta-trial-to-kick-off-132945569.html", "published_at": "2026-08-17 13:29:45+00:00", "updated_at": "2026-08-17 13:43:04.614132+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-startups", "ai-products"], "entities": ["Anthropic", "Bloomberg", "Meta Platforms", "The Financial Times"], "alternates": {"html": "https://wpnews.pro/news/tech-stocks-today-anthropic-s-huge-haul-meta-trial-to-kick-off", "markdown": "https://wpnews.pro/news/tech-stocks-today-anthropic-s-huge-haul-meta-trial-to-kick-off.md", "text": "https://wpnews.pro/news/tech-stocks-today-anthropic-s-huge-haul-meta-trial-to-kick-off.txt", "jsonld": "https://wpnews.pro/news/tech-stocks-today-anthropic-s-huge-haul-meta-trial-to-kick-off.jsonld"}}