Chairs of Karbana will get your attention soaring after striking a deal to reduce

its outstanding debt by more than $1.2 billion, part of a surge in unprofitable businesses

that have been rebounding recently.

Deirdreboza digs into that today in Tech Check.

Morning, D.

Morning, Carl.

You're right, there's signs of new life this year and those pandemic high-fliers that some investors

have pretty much left for dead over the last year in

2022.

This is a class that includes Robin Hood, Open Door, a firm, Coinbase, Peloton, Carvana,

you mentioned, different business models, but all characterized by weak financials and high

valuations.

Their stories often told in one chart you're looking at it, their five-year return versus

the S&P, the S&P being that far more steady purple line.

Up with the 21 tech boom, down with the 22 tech bear market.

Now one of our colleagues, I remember, once called it Pandemic Mountain,

so that's how I always think of it these days.

Many of them have been staging a comeback this year.

If you take a shorter term chart,

Kravana shares they have jumped tenfold this year.

Coin-based shares have tripled on regulatory optimism,

open door, despite still higher interest rates, it's up more

...