Amazon Revenue: What to Expect Inc. is expected to make a profit for its holiday quarter, but not enough to offset its early 2022 losses. Even with Amazon AMZN, +4.88% expected to report net income of about $2 billion for the December period, the company is on track to post about $1 billion in losses for the full year. … Read more

FTC loses antitrust challenge to Facebook Parent Meta

WASHINGTON—Federal judge refuses to stop meta-platforms Inc. META 2.79% acquisition of virtual reality startup Within Unlimited, offering a setback to antitrust authorities at the Federal Trade Commission seeking to block the deal, a person familiar with the decision said. In a sealed court ruling issued overnight, U.S. District Judge Edward Davila in San Jose, Calif., … Read more