Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI

FILE - The Amazon logo is seen, June 15, 2023, at the Vivatech show in Paris. (AP Photo/Michel Euler, File)

A federal judge said the Federal Trade Commission can proceed with its landmark antitrust lawsuit against Amazon. But, he also gave the company a small victory by tossing out a few claims made by states involved in the legal fight.

The order, issued last week by Judge John H. Chun and unsealed on Monday, is a major defeat for Amazon, which has tried for months to get the case tossed out in court. A trial in the case is slated to be held in October 2026.

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