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Brian Olsavsky

Business
Amazon Hikes Cost Of Prime Service By 20 Percent Amazon Hikes Cost Of Prime Service By 20 Percent
Amazon Hikes Cost Of Prime Service By 20 Percent Amazon Prime is about to cost customers a few more dimes. Actually, more than a few. A 20-percent increase to be precise. Citing new Prime features and increased costs, Amazon CFO Brian Olsavsky announced on Thursday afternoon that the cost of membership will be upped to $119 annually beginning on May 11 for new customers. Existing members will see their bill increased as of June 16. Prime - once renowned for its free, expedited shipping - has introduced several new features since its inception, including streaming video, free two-hour delivery for certain products, Twitch viewing and dea…

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by Zak Failla