Reddit shares soared during its public market debut, US prosecutors filed a landmark antitrust lawsuit against Apple, and the FT’s Sujeet Indap explains why Hertz’s pivot to electric vehicles went awry. Mentioned in this podcast: US accuses Apple of building smartphone market monopoly in antitrust case How Hertz’s bets on Tesla and a Goldman veteran veered off course Social media site Reddit soars 48% in New York IPO Get 40% off a digital FT subscription: ft.com/briefingsale The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Kyra Assibey-Bonsu, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.