Amazon considers price hike for its Prime membership

Febuary 3, 2014

Amazon is considering raising the price of its prime membership by as much as $40 dollars, a 51 percent increase. Amazon Prime currently costs $79 per year.

Prime members get two-day shipping at no extra cost, and can also borrow Kindle E-books and stream movies.

Amazon says it's considering the price hike to help offset rising costs.

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