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

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. Shares in the tech giant jumped as much as 18% in the minutes after the earnings news, after they had declined markedly earlier in the day….

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