Amazon Sets $20-A-Year Price Hike For Prime As Its Q4 Results Cheer Investors

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Amazon Sets $20-A-Year Price Hike For Prime As Its Q4 Results Cheer Investors
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Amazon reported fourth-quarter revenue in line with Wall Street expectations and announced a $20-a-year increase in Prime subscription prices, causing its stock to stage a big rally after hours. Sh…

reported fourth-quarter revenue in line with Wall Street expectations and announced a $20-a-year increase in Prime subscription prices, causing its stock to stage a big rally after hours.

Total revenue gained 9% over the prior-year quarter to hit $137.4 billion, coming within a whisker of analysts’ estimates.

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