Amazon is raising the price of annual Prime subscription membership

by Ben Pena April 27, 2018, 5:12
Amazon is raising the price of annual Prime subscription membership

The new price will apply to renewals starting on June 16.

Amazon has been charging $99 per year for Prime since 2014, when it raised the price from $79 a year.

"We continue to increase the value of Prime", Amazon CFO Brian Olsavsky said on the call.

Prime Student memberships will cost $59 Dollars a year from those same dates.

Amazon.com has reported massive first quarter growth but there is no mention of how their Australian operation is performing. Writing critical Twitter posts about Amazon and the Washington Post, which Bezos privately owns, Trump has claimed without evidence that Amazon has not paid enough money to the U.S. Postal Service to cover delivery costs.

Facebook announced its results yesterday, delivering revenue of almost $12bn, up 49 per cent on the same quarter past year.

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John McCain - petitioned President Barack Obama to give Johnson a pardon on the 70th anniversary of the boxer's death. Activists and family members have long advocated for Johnson's posthumous pardon, as have US officials like Sen.

The reson for the price hike?

Verdi has for years been demanding a collective bargaining agreement for employees at Amazon's logistics centres on the same terms as retail and mail-order companies. Shipping costs have climbed, too. This is mostly an advertising business. Amazon Web Services saw sales jump almost 50%, reaching $5.4 billion.

Amazon Web Services, the company's cloud computing business, now has a $20 billion annual revenue run rate, Bezos wrote in the same letter. "AWS had the unusual advantage of a seven-year head start before facing like-minded competition, and the team has never slowed down", Bezos said in a statement.

Starbucks reported sales growth that modestly exceeded Wall Street expectations, during a quarter that preceded the fallout over the arrest of two black men at one of its Philadelphia stores.

Operating income increased 92% to $1.9 billion in the first quarter, compared with operating income of $1.0 billion in first quarter 2017. The program, initially available to Prime members in 37 cities, is the latest effort by the Seattle-based company to make it easier for customers to receive online orders.

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