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Billionaire businessman Tony Elumelu has admitted to not possessing all the talents to be a successful entrepreneur, but rather surrounding himself with people who have talents.

According to him, any individual trying to succeed must recognize his limitations and surround themselves with people who can compliment them.

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Amazon (AMZN) on Friday was sent a formal request for information by the European Commission on how the body has complied with the body’s Digital Services Act (DSA).

The tech giant has been asked to provide information on the Amazon Store's Ad Library, specifically regarding whether it includes an option to deliver recommendations without using user profiling data. The company is required to release its information by July 26. 

"Amazon is asked to provide detailed information on its compliance with the provisions concerning transparency of the recommender systems, the input factors, features, signals, information and metadata applied for such systems and options offered to users to opt out of being profiled for the recommender systems," it said.

If the European Commission, the European Union (EU)'s enforcement arm, believes Amazon is in violation of the DSA, it can open an investigation and, if found guilty, the company could be fined up to 6% of its "worldwide annual turnover."

“We are reviewing this request and working closely with the European Commission," an Amazon spokesperson told . "Amazon shares the goal of the European Commission to create a safe, predictable and trusted shopping environment. We think this is important for all participants in the retail industry, and we invest significantly in protecting our store from bad actors, illegal content, and in creating a trustworthy shopping experience. We have built on this strong foundation for DSA compliance.”

The Commission has been busy lately. On Thursday, reported that it is expected to level a formal warning against X, the Elon Musk-owned social media network formerly known as Twitter, for failing to combat dangerous content.

Earlier this week, it accused Meta Platforms' (META) practice of "pay or consent" advertising on Instagram and Facebook of violating the new Digital Markets Act (DMA), and charged Apple (AAPL) with its own DMA violation for unfairly restricting how developers can seek payments. 

Amazon shares were up 1.1% to $199.84 as of 1:09 p.m. ET Friday. They have gained more than 30% year-to-date.

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The Chinese government has reportedly become a buyer of Tesla (TSLA) vehicles.

Reports from Reuters and other publications cited Chinese state-owned media outlet The Paper as saying Teslas were for the first time eligible for government procurement in that country, specifically saying that the starting price of the Model Y comes in below the country's restrictions for SUVs.

It’s been a good week for the electric vehicle (EV) maker, shares of which were up about 0.8% in late morning trading and near-flat for the year.

On Tuesday, the company posted second-quarter deliveries of 443,946, and while that was a 5% decline from a year ago, it beat analysts’ estimates. The next day, Wedbush and Bank of America raised their price targets on the stock.

Wedbush analysts said the deliveries were “a major turning point” for the carmaker after what it called a “very choppy” start to 2024. Bank of America noted that more lower-priced EV models should drive volumes this year.

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Special Spesh, the hypeman to singer David Adeleke, better known as Davido, has thrown shade at Sophia Momodu.

In the wake of the singer’s messy custody battle with her, Spesh took to his Instagram page to share a photo of him with a shady caption. He stated that body is peppering Sophia Momodu as Davido marrying Chioma pained her.

“Body dey pepper dem!!! Chivido pain Dem!! Officially my most stup!d pic!! I got some good skin tho!!”.

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Media Personality, Ife has revealed that she ended wedding engagement just two months into it because she wasn’t convinced about the partner she was planning to marry.

She shared her experience while reacting to a post on X advising intending couples not to be scared of breaking up an engagement if they didn’t feel right about it.

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Nollywood actress, Omoni Oboli has pleaded with ladies to ensure that that generate a source of income to increase their self worth in their relationships.

She emphasized on the need for ladies not to sole rely on their partners for financial assistance, but to instead make their own money.

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