Week in Business: An Attempt to Ban TikTok

What’s Up? (May 14-20)Targeting a Social Media Juggernaut

The backlash against TikTok, the video app that has come under scrutiny largely because of its Chinese ownership, reached a new level on Wednesday, when Gov. Greg Gianforte of Montana signed a bill banning the app in the state. The legislation seeks to cut off access by targeting mobile app stores, like the Apple Store and Google Play, and prohibit them from offering TikTok in Montana. If the stores continue allowing people to download the app, the companies could face fines, as could TikTok. The ban is set to take effect on Jan. 1, but it is already facing a legal challenge. On Thursday, a group of TikTok users filed a lawsuit contending that the law violated their First Amendment rights and that the ban outstripped Montana’s legal authority as a state.

A ‘Truly Sorry’ C.E.O.

In his first public remarks since the collapse of Silicon Valley Bank, the bank’s former chief executive, Gregory Becker, told lawmakers at a…

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This article was written by Marie Solis and originally published on www.nytimes.com