Your annual Amazon Prime membership fees are about to increase

On today’s wildly successful earnings call, Amazon CFO Brian Olsavsky dropped a bit of a bombshell for Amazon Prime subscribers. The retailer’s everything-and-the-kitchen-sink annual subscription plan is about to get pricier. On May 11, Prime annual memberships will jump $20, from $99 a year to $119.

The news follows a similar announcement back in January, which found the monthly version of the program increasing from $10.99 to $12.99 — a $24 increase. Of course, annual subscribers...

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