I'm John Fort.

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Good Monday morning. Welcome to Tech Check. I'm Carl Kintanier with John Ford and Dear Robosa.

Today, the sell-off in tech, as the NASDAQ shows, some signs of a rebound, is now the time to buy at a discount. We'll talk about it.

Then the BuzzFeed SPAC, losing some of its buzz, a look inside the latest deal that's raising eyebrows today.

Finally, don't miss Reddit founder Alexis O'Haney in talking some social media, the Metaverse, and Crypto later this hour, D.

We'll start, Carl, with tech stocks lagging once again. The Dow is up 300 points. Wow, 600 points now. The NASDAQ is only marginally higher,

as growth stocks in particular have been hit hard, larger names like Tesla, Adobe, and Vidiya,

all ending last week lower by 10% or more. In just a month after hitting an all-time high,

the tech software ETF has fallen into correction territory. 64% of its 119 components now trading below their 200-day moving averages. Cloud names also seeing some selling the cloud computing

ETF now on pace for its fourth negative day in five led to the downside by Z-scaler,

cloud flare, Sprout social, all down almost 8% or greater. It has continued to be a rough environment for these stocks.

And guys, I do want to point out SoftBank here, a company that I cover closely, and it often

does get hit hard amid these times of growth volatility because of Massa San's outsized

bets.

Shares in Tokyo down more than 8% last night, down over 20% over the last week,

amid a slew of bad news for portfolio companies, a lot of the which we have been tracking over

the last few weeks. DDI, of course, will begin that process to delist from the NYSC. We had

Alibaba's announced reorganization overnight, the growing

unlikeliness of that Nvidia arm deal. We've been here before, John, but it is a

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