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35°
Thursday, dec 19
Tag:
Brian Olsavsky
Business
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…