Amazon announces Prime membership price hike

Jeff Bezos chief executive officer of Amazon

The stock added to gains after executives announced an increase in the cost of the company's popular Prime subscription, to $119 a year in the US from $99.

Amazon said today (April 26) that the price of Prime, its signature membership program, will jump 20% to $119 from $99 in the US. "It's much different than it was in 2014". Renewals for existing customers will stick to the same $99 price through June 16. Prime has increased in price a couple times since its launch, and Amazon has regularly tinkered with other subscription options for its music service and Amazon Fresh grocery delivery.

"There's all kinds of new features that we've continually added to the Prime program", Mr. Olsavsky said.

"Chemical Firearms inspectors in Douma, Syria, Assemble samples from site, " OPCW says
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Once upon a time, Amazon Prime customers paid $79/year to get all the benefits that come with Prime, including free 2-day shipping.

Amazon turned in a blockbuster quarter on Thursday, providing plenty of evidence that it's taking market share against its rivals even as it announced a price increase for admission to its expanding ecosystem.

That is quite a list of spending priorities, and it shows in Amazon's results.

Prince George, Princess Charlotte Share A Sweet Moment While Visiting Third Sibling
Prince George guided his little sister into the Lindo Wing by putting his hand on her shoulder as they walked down the corridor. After her stylist was spotted leaving the hospital just hours earlier, Kate once again made a glamorous post-birth appearance .

Revenue was $5.44 billion, up 49 percent from revenue of $3.66 billion in the year-ago quarter. The same period from previous year had $1.48 in EPS on $35.71 billion in revenue. "Again, it's a testament to where the momentum is going and the momentum is moving toward Amazon's best interest". Following the announcement the stock was up 7% at $1,628.00 in the after-hours session.

Amazon's first-quarter profit more than doubled from a year ago, fueled by the growth of online shopping and the cloud-computing service it provides to businesses and government agencies.

In a statement, Amazon CEO Jeff Bezos called out the division.

No "genocide" for Armenians, just "great tragedy", Trump says
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Bezos also took heat in Berlin, Germany, on Wednesday from union workers protesting their meager pay.

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