the betsy cohen mentioned earlier. people like the deal this is a company that was said to potentially be ready to go public at the $5 billion valuation not long ago now it is valid at $10 billion roughly i've got it about 9 or 10 times 2022 numbers. and we're going to be joined by the founder and betts sy cohen >> it was a year ago today, jim that the dow is down 3,000 points s&p was down 300 points. worst ever loss for the nasdaq on a percentage basis. the vix was 80 plus. jim talked about all of that on that market day on "mad money" a year ago ago take a listen. >> i want to be sure you understand my view okay not only are we not out of the woods but if you are in travel, leisure, entertainment, restaurants, okay, hotel, aerospace. bad. all right? bad. i don't have anything good to say. i haven't had anything good to say since the super bowl and i redouble my not having anything good to say >> wow >> jim it kind of points to what you have been saying in the weeks leading up to that and that was this was a biologica

another spac betsy cohen eyes another $10 billion deal it is tuesday, march 16th, 2021.ching "worldwide exchange" here on cnbc ♪ >>> welcome back to "worldwide exchange." i'm frank holland in for brian sullivan for more on what to watch, let's bring in chief market strategist at cross market global investments. victor victoria, thank you for joining us >> good morning, frank >> a lot of people are looking for the dot plots. are you looking for movement is there any significant move? how will jay powell react if there is a move? >> i don't think people were anticipating much. the last time we got this from the fmoc was in december it was a different macro environment then we look at gdp expectations are 3.5% or higher unemployment rate has a lower expectation than back in december the question is going to be do enough members of the fnc move their dots or move that expectation rate hike enough to where the market is going to react? if they do, powell will have a very difficult time in the press conference trying to walk that back and calm the markets down because we would

we announced the business collaboration together the cohen group and betsy cohen, the chairman of fin-techcited about partnering with them to take us to the next step of growth of etoro. liz: charlie, you know, she's very involved in spacs. go ahead, charlie. >> yeah. yoni, i found it fascinating that one of your investors, and maybe i'm reading this wrong, is the activist hedge fund run by dan loeb, third point? is that accurate? >> we've had an immense interest in the prior transaction to the spac. we had great investors, fidelity, wellington the, soft bank, ing as well as dan loeb from third point. >> but they're a little different than dan. dan's an act hedge fund person. of he's very, you know, you know what activist investors do, they break chops. are you worried about dan, you know, making changes to your business model, forcing you to do things? >> what we found out was how much e hedge fund managers and owners love what we to at etoro. so today we're the world's large central trading network. we have 20 million registered users on our platform who can trade stock trading and crypt

betsy cohen as well. a lot of stuff trading near 10 it will be interesting some even falling below that i have a smart windows company, cfii, 9 bucks. they want to get their deal done do you vote yes for the deal but then redeem because you can get your 10 bucks even though you voted in favor of the deal there's going to be some interesting things going on here as we watch things go 10 below the plus value and see what they choose to do >> one of the things we have to point out is you take something like lucid which is churchill, look at the price and say wow okay, you're okay. but how about the people that paid 15 because they heard the rumor it would be with lucid look the at the money that was lost if you came in thinking that this was going to be the big win. that's where i think the pain is really >> without a doubt so much speculation in the name. we talked about it man it got nasty out there and when they announced the deal, it was when it was the time to sell we learned there would be 1.6 billion

by the way, perella wineberg which is a sponsor of that spac is actually going public through betsy cohen'so it soon will be a fully-public company, when it despacs, carl, but there's a look at our spac 50, there are a number of these that have announced deals that are trading closer to 10, and that does at least create potential upside, because you know you're going to get 10 if you redeem. >> right. >> and so, well, why not give it a shot if you believe in the business model for some of the names. not overall. it is still up a good deal but leslie, there is that opportunity on some of these names. >> absolutely. and we've seen some interesting trading involving spacs, so i think part of the way you can look at what's been going on over the last two weeks is just trying to really shake out some of the froth that's been in these names setting it back toward their net asset value and i know you and i have talked about how some of these spacs are trading at less than $10, which also doesn't really make a whole lot of sense, given that you can redeem at $10, there is the aspect of time value o

earlier today betsy cohen discussed the business model listen >> this is a year in which eturo addedants to its list, topping 20 million altogether, which is a significant increase and shows the acceleration of growth and acceptance of the product in the marketplace. as you've seen with other companies like robin hood and stripe and some of the others, valuations can grow quickly because the businesses are growing quickly. >> etoro going public, starting to expand business on robinhood's turf how do you see that? >> the end market is growing so fast i don't see it as a really sq scarce resource. everyone is feasting on a pretty strong market here zero commissions you know, it kind of grows on its own. it seems in the numbers that they had this great trajectory in revenues overseas without being in the u.s. market more than 100% revenue growth without a lot profitability but still cash flow positive what's fascinating about etoro is in addition to having tools and having a spac, you can essentially plug into somebody else's trading strategy and automatically copy it. i don't know how