Amazon announced Thursday that it would be boosting the price of its Prime membership for U.S. customers, citing rising costs as the reason behind the decision.
Monthly Prime memberships will go from $12.99 to $14.99, and annual memberships will be hiked to $139 from the current $119. The price change will go into effect for new members starting Feb. 18, and existing members will see their fees go up on the date of their next renewal after March 25.
For the quarter ending Dec. 31, Amazon blew earnings per share projections out of the water. Wall Street had expected EPS of $3.44, but thedelivered a staggering $27.75. Investors appeared to like the results, as the company's stock shot up more than 18% in after-hours trading following the report. "A big thank you to employees across Amazon who overcame another quarter of COVID-related challenges and delivered for customers this holiday season," CEO
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