I'm John Ford.

You're listening to CNBC's Tech Check.

Our show is live weekdays at 11 a.m. Eastern.

Listen in. Good Wednesday morning. Welcome to Tech Check. I'm Carl Kintanio with Deerbosa. Neely Patel of The Verge is with us for the hour.

Today, FinTech's final hours as the sector closes out a tough 2021. We're going to break down how the disruptors

are themselves being disrupted. Then tech's biggest catalyst for 2022, from Uber to Netflix to

Amazon, the new products and announcements that could determine their fate in the new year.

And then finally, that big pile of cash in Silicon Valley, we've talked fundraising

and SPACs and IPOs. We'll take a deeper look at how capital is being used inside tech companies

to lure employees, win customers, and finance investments deep.

In meantime, Carl, the Dow was higher, NASDAQ lower tech continues to underperform at the moment,

but we are still sitting near all-time highs for the broader indices, and we're keeping an eye on Apple.

It is still just inches from that $3 trillion market cap.

And we're also waiting on a verdict for Theranos founder Elizabeth Holmes as we head into day six of jury deliberations,

not far from here in San Jose. First, we're going to take a look at a sector that has severely

underperformed over the last few weeks, and that is Fintech. Now, guys, this was supposed to be Fintech's

year. By now, pay later, crypto, retail investor, the IPOs of Coinbase and Romanohood, not to mention all of that online and digital commerce that has been happening over the last 18 months.

What's happening instead, though, investors, well, they're actually returning to the incumbents.

Take a look at shares of Visa and MasterCard.

They have each jumped more than 10% over the last month, while the more recently

public names like a firm and SOFi, they're down double digits. So question is, guys, is the

hype of the upstarts wearing off within those names? There's a divergence as well. The names that

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