Online retailer Kogan has seen its shares fall by about a third on Monday, with a drop to $3.11, losing $1.53.
The European Union has started taking a close look at the business practices of American retail giant Amazon, the bloc's competition commissioner, Margrethe Vestager, told a news conference in Luxembourg on Wednesday.
The founders of online retailer, Kogan.com, have "reluctantly" unloaded $42 million worth of the company's shares just a week after they tried to sell an even bigger tranche, an event that led to the share price falling.
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