At $2 per month, LastPass is still cheaper than many of its competitors. Dashlane costs over $3 per month for its premium tier and 1Password's individual plan is right at $3 each month. But LastPass has had some security issues in the past including bugs affecting Firefox and Chrome and one that could allow passwords to be stolen.
As The Verge reports, many LastPass customers aren't too happy with the price hike and are letting the company know via the Facebook post announcing the changes. The company has said on Facebook, "The updated pricing reflects our investment in new features and line up to make our product an industry-leading password manager." Hopefully those investments mean better security for the customers who are now paying twice as much.